Authorities discovered that in the case of illegally selling shares on January 10, Mr. Trinh Van Quyet had many sophisticated tricks and tricks to create fake supply and demand, and push stock prices to gain illicit profits.
Regarding the prosecution, arrest and detention of Mr Trinh Van Quyet With the allegation of stock market manipulation, the investigating agency recently informed more about the development of the case.
Accordingly, in response to the press, Major General Le Van Tan, Deputy Chief of the Office of the Investigation Police Agency of the Ministry of Public Security, said that in January 2022, Mr. Quyet was administratively sanctioned for his act of failing to report and not reporting. disclose information before performing transactions under Decree 128/2020/ND-CP on sanctions in the securities sector.
Trinh Van Quyet.
After entering the verification and investigation, the authorities discovered that in the case of under-selling stocks on January 10, Trinh Van Quyet had many sophisticated tricks and tricks to create fake supply and demand, pushing prices up. shares in order to gain illicit profits from VND 500 million or more. Therefore, the Investment Police Agency of the Ministry of Public Security prosecuted Mr. Quyet for manipulating the stock market.
In case the authorities have administratively sanctioned but later determine that the violation constitutes a crime and must be criminally handled, the investigating agency will initiate a prosecution to investigate and handle according to regulations. under the law. Accordingly, after being prosecuted and investigated, all previous administrative sanctioning decisions are invalid. Major General Tan said.
According to the Ministry of Public Security, Trinh Van Quyet’s act of manipulating the stock market negatively impacted the market and caused great damage to investors.
In addition to Mr. Quyet, the Police Department of the Ministry of Public Security is actively investigating individuals who actively help and create conditions for the accused to commit violations. The investigation agency will clarify and consider the role of each person to strictly handle according to regulations.
According to Vietnamnet
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