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What did the investigating police agency say about the information that Mr. Trinh Van Quyet postponed leaving the country?

This afternoon, March 28, speaking with a reporter from the Nguoi Lao Dong Newspaper, a leader of the Investigative Police Department (CTS) of the Ministry of Public Security said that Mr. Trinh Van Quyet, Chairman of the Board of Directors of the FLC Group Joint Stock Company (FLC Corporation), was detained is not true.

In addition, this leader said he had sent someone to verify and seek information that the Investment Police Agency had made a decision to suspend Mr. Trinh Van Quyet’s discharge. “I did not sign the decision to suspend immigration for Mr. Quyet. At this time, I am sending my brothers and sisters to check why there is such information” – the leader of the Police Department of the Ministry of Public Security, told .

What did the investigating police agency say about the information that Mr.  Trinh Van Quyet postponed leaving the country?  - first

Mr. Trinh Van Quyet, Chairman of the FLC Group

Since the evening of 27 March, there have been rumors on social networks related to Mr. Trinh Van Quyet, Chairman of the FLC Group, that he is undergoing legal proceedings to investigate a number of content related to the investment activities of the FLC Group’s business.

On the morning of March 28, press agents informed that the investigative agency of the Ministry of Public Security has issued a decision to suspend Mr. Trinh Van Quyet’s departure for a period of 1 month, from March 26, for some content related to Mr. Trinh Van Quyet’s business investment activities. Quyet.

Previously, in January 2022, the “underselling” of the shares led by the FLC Group caused an uproar in the public and rocked the stock market.

In particular, after days of “beating” FLC shares at exorbitant prices, on January 10, 2022, the Chairman of the Board of Directors of FLC Group sold 74.8 million shares of FLC but neither reported nor paid for them. Disclosure before transaction. Notably, in just one trading session, nearly 135 million shares of FLC were matched, which is very high. Meanwhile, for a long time, FLC shares were only traded with an average volume of 15-40 million shares per day.

Soon after, the State Securities Commission took the decision to block Mr. Trinh Van Quyet’s securities account, in order to prevent and prevent further unlawful actions. The State Securities Commission also issued a document directing the Ho Chi Minh City Stock Exchange (HoSE) to cancel the sale transaction of 74.8 million FLC shares on January 10, 2022 by Mr. Trinh Van Quyet, many investors Get a refund for your purchase.

On January 18, the State Securities Commission issued a decision to impose administrative sanctions on Mr. Trinh Van Quyet 1.5 billion VND, the highest rate according to regulations. The chairman of the FLC Group is also subject to additional sanctions in the form of suspension of securities trading activities for 5 months.

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