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The State Securities Commission issued a recommendation to investors after the prosecution of Mr. Trinh Van Quyet

Tuesday, March 29, 2022 22:49 PM (GMT+7)

The State Securities Commission recommends that investors calmly, analyze and fully recognize the macro factors…

The functional force came to search FLC headquarters at 265 Cau Giay (Hanoi)

On March 29, according to the State Securities Commission, the Police Investigation Agency (Ministry of Public Security) investigated and verified Trinh Van Quyet, Chairman of the Board of Directors of FLC Group Joint Stock Company, individuals. Employees of FLC Group Joint Stock Company, BOS Securities Joint Stock Company and related companies about the act of “Manipulating the stock market”, “Concealing information in securities activities” that occurred on 10/02. 1/2022, causing serious damage to investors, affecting the operation of Vietnam’s stock market.

The State Securities Commission said that Trinh Van Quyet’s above behavior had enough elements to constitute the crime of “manipulating the stock market”, specified in Article 211 of the Penal Code.

On March 29, the Investigative Police Agency of the Ministry of Public Security prosecuted the accused and detained Mr. Trinh Van Quyet to investigate the act of “manipulating the stock market”. At the same time, organizing search of residences and workplaces at 21 locations for related subjects.

Decisions and procedural orders of the Investigative Police Agency of the Ministry of Public Security have been approved by the Supreme People’s Procuracy in accordance with the law.

The State Securities Commission has requested FLC Group Joint Stock Company to disclose information in accordance with regulations and report to the State Securities Commission and the Stock Exchange in accordance with the law. The State Securities Commission will continue to provide sufficient information within its competence and together with relevant units to closely coordinate with the relevant authorities in the process of handling the case, in the spirit of the State Securities Commission. respect the law, ensure discipline, discipline and transparency of the stock market.

In addition, the State Securities Commission also recommends that investors calmly, analyze and fully recognize the macro factors and actual operations of enterprises to be cautious in investment decisions.

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