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FLC President Trinh Van Quyet was arrested

HanoiChairman of FLC Group Trinh Van Quyet was prosecuted and arrested by the Investigative Police Agency of the Ministry of Public Security, accused of being involved in securities violations.





FLC Chairman Trinh Van Quyet.  Photo: Ngoc Thanh

FLC Chairman Trinh Van Quyet. Photo: Ngoc Thanh

Mr. Quyet, 47 years old, from Vinh Tuong district, Vinh Phuc province, started his career as a lawyer when he and his associates opened a law office SMiC in 2001 and transformed into SMiC Law Firm in 2008. At the same time, he founded a law firm. enterprise series. FLC brand was formed in early 2010 based on the merger of the above businesses.

In 2019, Bamboo Airways established by FLC entered the aviation market. After more than 10 years of establishment, the charter capital of FLC reached VND 10,500 billion in early 2021.

As of January 2022, FLC Chairman owns more than 215 million FLC shares (equivalent to about 30% of capital) and tens of millions of shares in member companies such as ROS, ART, BOS, GAB…

At the end of January, he was fined 1.5 billion dong and suspended trading for 5 months for trading nearly 75 million FLC shares without disclosing information. Previously, in November 2017, he was fined 65 million dong for selling 57 million shares without notifying the market regulator.

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