Trinh Van Quyet’s arrest: The Ministry of Finance provided information about individuals belonging to FLC Group
Currently, the Ministry of Finance has directed the State Securities Commission and its functional agencies and units to continue closely coordinating with the investigation agency.
Trinh Van Quyet, Chairman of the Board of Directors of FLC Group Joint Stock Company (FLC Group), was prosecuted and detained for investigation of stock market manipulation, the Ministry of Finance The official said that he will continue to coordinate with the Investigation Agency of the Ministry of Public Security to provide relevant information within the functions and tasks of the ministry about Mr. Trinh Van Quyet, individuals of FLC Group and Joint Stock Company. BOS Securities and related companies.
Currently, the Ministry of Finance has also directed the State Securities Commission (SSC) and functional agencies and units of the Ministry to continue closely coordinating with the investigation agency.
Mr. Trinh Van Quyet, Chairman of FLC Group, before being arrested
According to the Ministry of Finance, the guiding spirit of the ministry is to respect the law, strictly comply with the provisions of the law, where wrong will be strictly handled, maintain discipline, discipline and transparency of the market. stock.
The State Securities Commission has also requested FLC to disclose information in accordance with regulations and report to this agency as well as, 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.
After Mr. Trinh Van Quyet was prosecuted and arrested, the State Securities Commission recommended investors to calm down, analyze and fully recognize the macro factors and actual operations of enterprises to Be careful in investment decisions.
Previously, in January 2022, Mr. Trinh Van Quyet sold 74.8 million FLC shares without reporting or disclosing information before performing the transaction. Immediately after that, the State Securities Commission made a decision to block the securities account of Mr. Trinh Van Quyet, in order to prevent and prevent further acts that are not in accordance with regulations.
After that, Mr. Quyet was administratively fined 1.5 billion VND according to the provisions of Clause 3, Article 5, Point h, Clause 5, Article 33 of Decree No. 156/2020/ND-CP of the Government on sanctioning of administrative violations. in the field of securities and the stock market. The chairman of FLC was also subject to the additional penalty of suspending securities trading activities for 5 months.
Mr. Trinh Van Quyet manipulated the stock market, earning an illegal profit of VND 530 billion The authorities determined that Mr. Trinh Van Quyet directed individuals with family or close relationships to operate employees of CK BOS Company and its subsidiaries and satellite companies to use 20 securities accounts. of 11 organizations to collude to buy and sell securities with high frequency, in order to create artificial supply and demand; pushed FLC stock price from 14,650 VND/share on December 1, 2021 to 24,050 VND/share (up 64%). After that, Mr. Trinh Van Quyet assigned his family members to place an order to sell 175 million FLC shares and matched the order to sell 74.8 million FLC shares on January 10, 2022 at the price of 22,586 VND/share but did not disclosing information before securities trading, with the amount of VND 1,689 billion, illegally profiting an amount of about VND 530 billion. |
at Blogtuan.info – Source: 24h.com.vn – Read the original article here
