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Female Billionaire Sentenced To Death For Looting $44bn

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A Vietnamese billionaire, Truong My Lan, has been sentenced to death for looting one of Vietnam’s largest banks for 11 years.

Truong My Lan, 67, was sentenced to death on Thursday, April 11, at the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City.

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The 67-year-old Vietnamese property developer is one of the very few women in Vietnam to be sentenced to death for a white-collar crime.

READ ALSO: 10 Things To Know About Nollywood Actor, Junior Pope

Truong My Lan was convicted of taking out $44 billion (£35 billion) in loans from the Saigon Commercial Bank. The verdict requires her to return $27 billion, a sum prosecutors said may never be retrieved.

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Some believe the death penalty is the court’s way of trying to encourage her to return some of the missing billions.

About 2,700 people were summoned to testify during the trial, while 10 state prosecutors and around 200 lawyers were involved. The evidence was in 104 boxes weighing a total of six tonnes, while 85 defendants were tried with Truong My Lan, who denied the charges.

READ ALSO: Ethiopian Opposition Figure Bate Urgessa Shot Dead

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“There has never been a show trial like this, I think, in the communist era,” said David Brown, a retired US State Department official with long experience in Vietnam. “There has certainly been nothing on this scale.”

The trial was the most dramatic chapter so far in the “Blazing Furnaces” anti-corruption campaign led by the Communist Party Secretary-General, Nguyen Phu Trong.

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Court Jails Two For Targeting President With Sorcery

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A Zambian court on Monday sentenced two men to two years in prison with hard labour on charges of attempting to use witchcraft to kill the country’s president.

Mozambican national Jasten Mabulesse Candunde and Zambian village chief Leonard Phiri were arrested in December in possession of charms, including a live chameleon.

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Police said they planned to use the charms to harm President Hakainde Hichilema, and they were charged with professing knowledge of witchcraft and possession of charms.

READ ALSO:Ghana Jails Three Nigerians For 96 Years Over Car Theft

The motive of the crime was to kill the head of state,” magistrate Fine Mayambu ruled in the capital Lusaka on Monday.

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The convicts were not only enemies of the head of state but all Zambians. I therefore sentence them to 24 months imprisonment with hard labour from the date of their arrest,” he said.

The prosecution said the men had been hired by the brother of opposition MP Emmanuel “Jay Jay” Banda, who is facing trial for robbery, attempted murder and escaping custody.

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Two Nigerians Face Jail Terms In Liberia’s Piracy Trial

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Criminal Court ‘D’ in Monrovia is set to deliver judgment this week in Liberia’s first piracy trial, involving two Nigerian nationals accused of hijacking a cargo vessel in the Gulf of Guinea.

According to court records, the defendants were arrested earlier this year after a Liberia-flagged ship was seized by armed men while transporting goods through international waters. The crew sent a distress signal, prompting international maritime forces to intervene.

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The suspects were subsequently transferred to Liberian authorities under global maritime cooperation protocols.

READ ALSO:Ghana Jails Three Nigerians For 96 Years Over Car Theft

According to Liberia’s news platform, Front Page Africa, the case has attracted attention because Liberia maintains one of the world’s largest open ship registries, yet prosecutions for piracy within its domestic courts have not previously occurred. Under international law, Liberia holds jurisdiction over crimes involving ships registered under its flag.

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On Monday, proceedings took a new turn when defense lawyer, Cllr. Bestman Juah, informed the court that the defendants had admitted responsibility for the hijacking and were requesting a plea-bargain arrangement. State prosecutors did not oppose the request, leaving open the possibility of reduced sentences in exchange for full cooperation.

READ ALSO:Man Jailed For Cybercrime, Forfeits Cars, Land, $42,000 To FG

Resident Judge Mameita Jabateh-Sirleaf, who presides over Criminal Court ‘D’, will rule on whether to accept the plea deal and determine the sentencing framework. The ruling could also address deportation measures following imprisonment.

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Criminal Court ‘D’ handles cases involving armed robbery, terrorism, hijacking, and other serious crimes, and the piracy trial represents a growing trend of transnational offenses being prosecuted within Liberia’s judicial system.
As of press time, the court has not announced the date for sentencing.

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Spain Cancels $825m Israel Arms Deal Over Gaza

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The Spanish government has cancelled a contract worth nearly 700 million euros ($825 million) for Israeli-designed rocket launchers.

The move comes after Prime Minister Pedro Sanchez announced last week that his government would “consolidate in law” a ban on military equipment sales or purchases with Israel over its offensive in Gaza.

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The contract, awarded to a consortium of Spanish companies, involved the purchase of 12 SILAM rocket launcher systems derived from the PULS platform made by Israeli firm Elbit Systems, according to the International Institute for Strategic Studies’ Military Balance.

First reported by local media and the Israeli newspaper Haaretz, the cancellation was formalised on Spain’s official public contracts platform on September 9.

READ ALSO:Palestinians Flee As Israel Intensifies Assault On Gaza City

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The following day, Sanchez unveiled measures aimed at stopping what his leftist government called “the genocide in Gaza”.

It includes the approval of a decree imposing a ban on military equipment sales or purchases with Israel due to its military offensive in Gaza, launched after the Hamas attacks in October 2023.

Spain applied the ban as Israel stepped up its military onslaught.

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Spain has also formalized the cancellation of another contract for 168 anti-tank missile launchers, which were to be manufactured under license from an Israeli company.

READ ALSO:Israeli Strike Kills Al Jazeera Journalist In Gaza

That contract, valued at 287 million euros, had been first reported by the press in June.

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According to Spanish daily La Vanguardia, the government is undertaking a broader review to phase out Israeli weapons and technology from its armed forces.

Sanchez has emerged as one of Europe’s most outspoken critics of Israeli Prime Minister Benjamin Netanyahu’s Gaza policy.

READ ALSO:Hamas Accepts New Gaza Truce Plan – Official

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Relations between the two countries have been tense for months.

Israel has not had an ambassador in Spain since Madrid recognized the state of Palestine in 2024.

Last week, Spain recalled its ambassador to Israel after heated exchanges over Sánchez’s new measures.

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The Barcelona-based Delas Centre, a security research institute, estimated in April that since the start of the Gaza war, Spain had awarded 46 contracts worth $1.044 billion to Israeli companies, based on public tender data.

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