What did the foreign press say about the arrest of Mr. Trinh Van Quyet?
On the night of March 29, the Investigative Police Agency of the Ministry of Public Security (C01) said that it was conducting an investigation and verification for Mr. Trinh Van Quyet, Chairman of the Board of Directors of FLC Group Joint Stock Company. individuals of FLC Group Joint Stock Company, BOS Securities Joint Stock Company and related companies about the behavior of “Stock market manipulation”, “Concealing information in securities activities” occurring on January 10, 2022, causing serious damage to investors, affecting the operation of Vietnam’s stock market.
Trinh Van Quyet’s above behavior has enough elements to constitute the crime of “Manipulating the stock market”, specified in Article 211 of the Penal Code. Initially, on March 29, 2022, the Police Investigation Agency of the Ministry of Public Security issued the Decision to prosecute the criminal case No. 06/QD-VPCQCSĐT, the Decisions to prosecute the accused, and the arrest warrant for the accused. with Trinh Van Quyet. 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 (Case 3) in accordance with the law.
This information causes shaking public opinion in water immediately. The international press also covered this event.
Late on March 29, the newspaper Channel News Asia (CNA, Singapore) ran the headline “Vietnam issues an arrest warrant for a stock manipulator”.
“Trinh Van Quyet is the owner of the FLC empire including luxury resorts, golf courses and Bamboo Airways”. CNA quoting news sources AFP (France).
It added that the arrest warrant for the 46-year-old man was issued late on Tuesday for “manipulating the stock market and concealing information in securities activities on January 10, leading to cause serious damage to investors and adversely affect the operation of Vietnam’s stock market”. The news agency quoted the verbatim notice of the Ministry of Public Security of Vietnam.
FLC’s public relations department was not immediately available for comment AFP Broadcast.
Vietnam arrests the president of FLC, Bamboo Airways for manipulating the market
The case of Mr. Trinh Van Quyet’s arrest attracted the international press. Photo: Reuters.
Reuters also broadcast the news “Vietnam arrested the president of FLC, Bamboo Airways for allegedly manipulating the market” late yesterday. The news agency quoted a source from Vietnam’s Ministry of Public Security about the arrest of the chairman of one of the largest private corporations on suspicion of manipulating the stock market.
FLC, which owns dozens of resorts and golf courses across the country, said Quyet had cooperated with investigators and had not made a final decision. “The case will not affect the legitimate rights and interests of the group’s customers, shareholders and partners,” said FLC General Director Bui Hai Huyen on the group’s website.
Dang Tat Thang, CEO of Bamboo Airways, also affirmed that the incident “is not related to or affects the operation of FLC Group in general and Bamboo Airways in particular”.
FLC stock closed down 7% on Tuesday at VND12,650 ($0.5532) per unit.
Top investment news site Investing quoted the broadcast of Reuters, hangs an important position in the News section for many hours. Reuters news was also brought back by reputable online news sites and newspapers in the US and Australia overnight (Hanoi time). Associated RFI (France) even turned on the feature to update this event directly with information and images based on sources from Vietnam.
Right on the night of March 29, FLC Group issued a statement and confirmed that the case was related to Mr. Trinh Van Quyet’s personal performance of securities trading transactions recently and is still in the process of being processed. Initial investigation, no official conclusion yet. Mr. Trinh Van Quyet has been and continues to coordinate with relevant authorities in the process of investigating and clarifying related issues.
According to FLC Group, this does not affect or change the orientations of FLC in production, investment and business activities as well as the legitimate rights and interests of customers and partners.
Mr. Trinh Van Quyet authorized Ms. Vu Dang Hai Yen, Deputy General Director of FLC Group. Accordingly, Ms. Vu Dang Hai Yen will represent and represent Mr. Trinh Van Quyet to perform the tasks and rights of the Chairman of the Board of Directors of FLC Group Joint Stock Company, the Chairman of the Board of Directors of the Joint Stock Company. Bamboo Aviation section; as well as all shareholder rights in the two above enterprises in accordance with the law and the company’s charter. Ms. Yen also has all rights related to the properties and property rights owned by Mr. Trinh Van Quyet.
at Blogtuan.info – Source: Soha.vn – Read the original article here
