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Facts about the temporary suspension of exit Mr. Trinh Van Quyet

A leader of the Office of the Investigative Police Agency of the Ministry of Public Security said that the information that the authorities had issued a decision to suspend exit for Mr. Trinh Van Quyet was incorrect.

On March 27 and March 28, a lot of information spread on the internet that the investigation agency of the Ministry of Public Security had issued a decision to suspend the exit for Mr. Trinh Van Quyet – Chairman of the Board of Directors of FLC Group Joint Stock Company. The time to suspend exit for Mr. Quyet is one month, from March 26; Authorities invited Mr. Quyet to clarify some contents.

However, on the afternoon of March 28, a leader of the Office of the Investigation Police Agency of the Ministry of Public Security said that the above information was not accurate.

According to this leader, the new investigation agency is currently at the verification stage, grasping the situation of whether it is “true or not” about the information related to FLC Group.

Facts about temporary suspension of exit for FLC President Trinh Van Quyet-1
Mr. Trinh Van Quyet – Chairman of the Board of Directors of FLC Group Joint Stock Company (Photo: FBNV).

As reported, on January 18, the State Securities Commission (SSC) officially issued a decision on sanctioning administrative violations in the field of securities and securities market for Mr. Address B30-BT6 My Dinh 2 Urban, My Dinh 2, Nam Tu Liem, Hanoi.

Mr. Trinh Van Quyet was fined VND 1.5 billion, based on the provisions of Clause 3, Article 5, Point h, Clause 5, Article 33 of Decree No. 156/2020 dated December 31, 2020 of the Government providing for penalties for violations. Administration in the field of securities and the securities market (Decree No. 156/2020) is amended and supplemented according to the provisions of Clause 4, Article 1, Clause 27, Article 1 of Decree No. 128/2021 of December 30, 2020. 2021 of the Government amending and supplementing a number of articles of Decree No. 156/2020 (Decree No. 128/2021).

According to the State Securities Commission, the chairman of FLC Group was fined for having committed an administrative violation of not reporting on the expected transaction and selling 74.8 million FLC shares on January 10.

In addition, Mr. Trinh Van Quyet was also subject to the additional sanction of suspending securities trading activities for 5 months, as specified at Point b, Clause 7, Article 33 of Decree No. 156/2020, as amended and supplemented. supplemented as prescribed in Clause 27, Article 1 of Decree No. 128/2021.

Information from the management agency added that the SSC is continuing to coordinate with relevant authorities to handle the case. The decision takes effect from January 18.

Before that, the State Securities Commission also and decided to block the account stock by Trinh Van Quyet in order to prevent and prevent further illegal acts after HoSE reported on the incident.

On the afternoon of January 11, the SSC issued a document directing HoSE to cancel the transaction of selling 74.8 million FLC shares on January 10 by Mr. Trinh Van Quyet and return the money to investors. The cancellation of transactions is based on the provisions of Clause 1, Article 33 of Circular No. 96/2020 dated November 16, 2020 of the Ministry of Finance guiding on information disclosure on the stock market.

According to Dan Tri

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