From the seller of the phone to the president of FLC, having trouble with securities
On the afternoon of March 29, Thanh Nien reported that the Investigation Police Agency of the Ministry of Public Security had prosecuted the case and prosecuted the accused, and at the same time executed the search warrant and arrest warrant for the accused. Trinh Van QuyetChairman of FLC Group Joint Stock Company, to investigate the behavior of manipulating the stock market, as prescribed in article 211 of the Penal Code.
Mr. Trinh Van Quyet is known to be born in 1975, in Vinh Tuong (Vinh Phuc), graduated with a bachelor’s degree in law and a master’s degree in business administration.
In addition to his role at FLC Group, Mr. Quyet continues to hold power at companies related to FLC Group, commonly known as the FLC ecosystem, including: HAI Agriculture and Pharmaceutical Joint Stock Company (HAI), Faros Construction Joint Stock Company (ROS); AMD Group Mineral Investment Joint Stock Company (AMD), Artex Securities Joint Stock Company (ART), KLF International Investment Joint Venture Joint Stock Company (KLF), GAB Joint Stock Company (GAB)…
In addition, Mr. Quyet is also the Chairman of the Board of Directors of Bamboo Airways with a charter capital of VND 18,500 billion.
“My starting point in life was not so smooth”
“The days of struggling to study for the Hanoi exam, all my dreams at that time, the country guy, were just the university gate,” FLC Group Chairman Trinh Van Quyet recalled in a post on Facebook. personally in 2019, on the occasion of his return visit to Hanoi Law University, where he used to study, to congratulate the teachers on the 40th anniversary of the establishment of the school.
The businessman confided: “My starting point in life was not very smooth. After graduating from high school, I went to Saigon to study and repair electronics. After two years of earning a little money, I was able to fulfill my dream of further study, I took the University of Law exam.
During the hard days of studying for the Hanoi exam, all my dreams at that time, the country guy, were just the university gate. The day I knew the results of my passing and the scholarship, I was so happy that later, perhaps even the joys of Bamboo Airways’ official take-off could not be compared.”
The situation at that time was so difficult that Mr. Quyet once shared: “When I was a student, I couldn’t even buy a bicycle”.
After many difficult months and years, at the age of 24, Mr. Trinh Van Quyet completed 2 study programs at the National Academy of Public Administration and Hanoi Law University.
Talking about the process of building a business, billionaire Trinh Van Quyet once said that he had been in business since he was 14 years old. Although he did not start with a business but a tutoring job, opening a tutoring office, it helped him get a small capital to start an old phone business, both satisfying his business passion and earning income. children eat and study.
Instead of opening a shop, Mr. Quyet posted an ad in the newspaper about old mobile phones, without the help of a hot-selling machine, with quick capital turnover.
“Many people who heard it didn’t believe it, but with that, my sales exceeded dozens of big stores in Hanoi. Selling a phone can sometimes earn millions of dong, so I can afford to live. tuition fees for myself as well as raising 2 younger sisters”, Mr. Quyet once confided.
The acumen of the times gave the businessman a lot of success afterward. At the time when the carriers were about to start selling prepaid sim cards, Mr. Quyet gathered a lot of old phones because he predicted that the demand for buying phones would increase. Not long after that, his goods were not enough to sell.
Not stopping there, Mr. Quyet invested in more furniture and television business.
Open a law office to a real estate tycoon, open an airline
After graduating from school, Mr. Trinh Van Quyet opened an investment consulting company, then a lawyer’s office and a notary office business. SMiC Law Firm is quite a prominent mark in the first step after graduation.
In July 2008, the Hanoi notary office of Mr. Trinh Van Quyet on Hoang Ngan street, Hanoi became a very crowded private notary office. The spacious street with car parking is part of the factor that makes it so convenient for the office to welcome VIP guests that, according to Mr. Quyet, “the whole year’s rent I collect in just 1 day”.
It is also thanks to the advice of Law that Mr. Trinh Van Quyet fell in love and turned to real estate. FLC has launched a series of eco-tourism resorts – FLC Sam Son golf course in Sam Son, Thanh Hoa; FLC Quy Nhon in Quy Nhon, Binh Dinh.
FLC Building in Cau Giay, Hanoi.
Next, Bamboo Airways is an airline established by FLC Group in mid-2018.
Although it has only been flying for a short time, FLC still strengthens the exploitation of routes and hits more niche markets with high efficiency. Mr. Quyet stated that Bamboo Airways hopes to become the first Vietnamese airline to open a direct route to the US by the end of 2020.
In 2012, Mr. Quyet was determined to have committed illegal acts to manipulate stock prices and illegally sold 74.8 million FLC shares. The Ministry of Public Security issued a decision to prosecute the case and prosecute the accused with the president of FLC. The investigative agency applied measures to arrest the accused for temporary detention, and at the same time ordered a search of the residence and workplace of FLC chairman Trinh Van Quyet to serve the investigation.
The head of FLC was also involved in legal problems, leading to “FLC” stocks being sold by many investors, falling in price and losing liquidity.
at Blogtuan.info – Source: Soha.vn – Read the original article here
