Mr. Trinh Van Quyet has been suspended from leaving the country until the end of April 25

On the evening of March 28, according to a source from VOV.VN, the Investigation Agency of the Ministry of Public Security issued a decision to suspend the exit of Mr. Trinh Van Quyet (SN 1975), Chairman of the Board of Directors of FLC Group and Chairman of Bamboo Airways.

FLC President – Trinh Van Quyet.

According to this decision, Mr. Quyet was temporarily suspended from leaving the country from March 26 to April 25, 2022. Authorities also invited Mr. Quyet to work to clarify related issues.

Before that, in January 2022, the “underground sale” of Mr. Trinh Van Quyet’s shares caused a stir in public opinion. Specifically, on January 10, FLC Chairman traded 74.8 million FLC shares but did not report or disclose information before performing the transaction.

After the incident, the stocks related to Mr. Quyet and FLC wobbled and were continuously “sold-out”. At the same time, dozens of other securities codes were also “spoiled” and many investors suffered great losses.

The State Securities Commission has frozen Mr. Quyet’s securities assets and suspended securities trading activities for 5 months. At the same time, the State Securities Commission issued a decision to administratively sanction Mr. Trinh Van Quyet 1.5 billion VND, the highest level according to regulations.