turtle-ly - Tumblr blog

turtle-ly · 8 hours

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she deserves a redemption arc :(

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turtle-ly · 8 hours

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SCB is still a stock bank, and the law says an individual cant own more than 15% stock, so she used the help of 27 other individuals (lots of whom were her relatives, in vietnam and oversea) to get an indirect hold of over 91,5% stake of the bank. this is actually a common practice in vietnam businesses (woah we have such close familiar bonds culture). her 2 daughters got off scot-free i think, but her niece got sentenced since she was trusted and involved a lot in Lan's fraud

thank you tuoi tre news this is the funniest way you can post this

#unrelated post

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turtle-ly · 8 hours

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@loftwingsuarus well since you are curious heres the deets: Trương Mỹ Lan was the chairwoman of a real estate developer (Vạn Thịnh Phát Group). Back in 2012 she merged 2 private banks into the big bank, SCB, then slowly made up over One Thousand (1000) ghost companies to apply for loans from SCB, in which she indirectly held 91,5% stake, so the process was easy(?) than you think(?). She used that money to buy real estate and stuffs idk.

Between 2012 and 2022, SCB gave Lan over 2,500 loans worth over VNĐ1 quadrillion, or 93 per cent of its loans. As of October 2022, Lan and her company Vạn Thịnh Phát Group still had nearly 1,300 outstanding loans of VNĐ677 trillion ($27 billion) in principal and interest. and yes, those 10 years was equivalent to over 10 per cent of Việt Nam’s GDP in 2022. To cover that hugeass thing up she bribed hundreds(?) of gov auditors and inspectors, the number of those officially sentenced was 85 though. (x)

Funny thing about this though was the meme vietnamese ppl made up about where that 677 trillion went. some guy on facebook joked that she hid them in the sea, One Piece style, and the meme about "lets go on a sea adventure to find that cash!" circulated on vnese facebook for at least 2 weeks before her lawyer threatened to sue whoever made that joke lmao

thank you tuoi tre news this is the funniest way you can post this

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turtle-ly · 9 hours

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i hate when i send someone a meme in another language and they're like "uhm... translate? 😒" fucker i sent you a meme where 90% of the words have an english cognate and/or you don't need to know what they're saying to find it funny. can you at least TRY

#unrelated post

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turtle-ly · 11 hours

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