Arrest FLC staff due to the behavior of Mr. Trinh Van Quyet

After the Chairman of the Board of Directors of FLC Group Joint Stock Company (FLC Group) Trinh Van Quyet On April 4, the police investigation agency of the Ministry of Public Security continued to prosecute Ms. Trinh Thi Minh Hue (an official of the Accounting Department of FLC Group).

Lieutenant General To An Xo, Chief of Office and Spokesperson of the Ministry of Public Security, said that according to the allegations, Ms. Hue acted as an accomplice to assist Mr. Quyet in manipulating the stock market.

On the evening of April 4, after the approval of Department 3 of the Supreme People’s Procuracy, the investigating agency executed the procedural decision and the arrest warrant for Hue for temporary detention.

Police searched the headquarters of FLC Group on the evening of March 29.

According to the investigation, from December 1, 2021 to January 10, Trinh Van Quyet directed individuals with family or close relationships to run the staff of BOS Securities Joint Stock Company (BOS Securities Company). and its subsidiaries, satellite companies use 20 securities accounts of 11 organizations to collude with each other to continuously buy and sell securities with great frequency. The purpose is to create fake supply and demand.

The purpose is to push FLC stock price from 14,650 VND/share on December 1, 2021 to the highest “ceiling” price of 24,050 VND/share (average is 22,586 VND/share, up 64%).

After that, Mr. 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 at the price of 22,586/share but did not disclose information before trading. , with the amount of VND 1,689 billion, illegally profiting an amount of about VND 530 billion.

The authorities identified Mr. Quyet and individuals from FLC Group Joint Stock Company, BOS Securities Joint Stock Company and other companies involved in the stock market manipulation case, concealing information in securities activities that occurred. issued on January 10, causing serious damage to investors, affecting the operation of Vietnam’s stock market.

According to Zing