The investigating agency arrested and detained the accused Trinh Van Quyet to investigate the behavior of manipulating the stock market
On March 29, the Investigation Agency of the Ministry of Public Security issued a decision to prosecute the case and prosecute the accused against Mr Trinh Van Quyetchairman of the board of directors of FLC Group Joint Stock Company, to investigate the crime of manipulating the stock market.
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 Supreme People’s Procuracy has approved the above decisions and orders.
Mr. Trinh Van Quyet was arrested and detained
Previously, FLC President Trinh Van Quyet was issued a decision by the investigation agency to postpone exit for a month to serve the investigation. The decision to suspend exit for Mr. Quyet was issued by the investigation agency on March 26.
Quyet’s actions in January caused a stir in public opinion and rattled the stock market.
Specifically, after many days of FLC shares being “beaten up” at a very high price, on January 10, the chairman of the board of directors of FLC Group Joint Stock Company sold 74.8 million FLC shares but did not report it. report, do not disclose information before performing the transaction.
Notably, in just one trading session, nearly 135 million FLC shares were matched, which is unusually high. While for a long time, FLC stock only trades with an average volume of 15 – 40 million shares per day.
Also in this session, many new investors just “raced orders” to buy FLC shares at the ceiling price in the morning, and fell to the floor in the afternoon.
After the incident of the head of FLC Group “underselling” shares, the stock market wobbled, investors continuously sold off FLC and shares related to Mr. Quyet, and dozens of other stocks. also infected.
Right after that, the State Securities Commission issued a decision to freeze Mr. Trinh Van Quyet’s securities account, in order to prevent and prevent further acts that are not in accordance with regulations.
The State Securities Commission also issued a document directing the Ho Chi Minh City Stock Exchange (HoSE) to cancel the transaction of selling 74.8 million FLC shares on January 10 by Mr. Trinh Van Quyet, many investors were purchase refund.
On January 18, the State Securities Commission issued a decision to administratively sanction Mr. Trinh Van Quyet 1.5 billion VND, the highest level according to regulations.
At the same time, the chairman of FLC Group was also subject to the additional sanction of suspending securities trading activities for 5 months.
According to Vietnamnet
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