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Dealing with people who spread rumors about securities manipulation

Sunday, April 17, 2022 13:00 PM (GMT+7)

The Prime Minister and the Ministry of Public Security have directed to handle those who spread false information, causing heavy impacts on the financial and securities markets.

Recently, the Ministry of Public Security has handled, prosecuted and arrested many Facebookers, KOLs (influential people on social networks – MXH)… bad public opinion, affecting individuals, organizations, financial markets and banks.

Economic damage

Specifically, on April 14, the Investigative Security Agency of the Ministry of Public Security, in collaboration with the Department of Cybersecurity and High-Tech Crime Prevention, prosecuted the accused and urgently arrested Dang Nhu Quynh (residing in the ward of Ho Chi Minh City). Me Tri, Nam Tu Liem District, Hanoi) to investigate the act of “abusing democratic freedoms to infringe upon the interests of the State, organizations and individuals”, as defined in article 331 of the Penal Code. the.

The Security Agency investigated and determined that defendant Quynh had posted untrue information on Facebook, implying that some individuals who are representatives of companies listed on the stock exchange are about to be arrested and prosecuted. criminal penalties, negatively affecting the stock market, causing economic damage and reputation of organizations, individuals and investors.

Dang Nhu Quynh is quite famous on Facebook through charity activities. The defendant’s Facebook account has hundreds of thousands of followers, and regularly posts information on many economic and social issues…

After Mr. Trinh Van Quyet – Chairman of FLC Group – was arrested, Facebook Dang Nhu Quynh posted many articles with content referring to some presidents of investment and business groups in the fields of finance and securities… next will be “touched” by the investigative agency. The article attracted thousands of likes, shared throughout financial, securities, and real estate forums, causing confusion for investors. Notably, before that, Dang Nhu Quynh was also asked by the Department of Cyber ​​Security and High-Tech Crime Prevention to remove more than 200 articles with unverified and untrue content about the Covid-19 epidemic. -19 in Vietnam.

Commenting on the case of Dang Nhu Quynh, lawyer Dang Van Cuong, of the Chinh Phap Law Office (Hanoi Bar Association), said that this is not the first case where social media users have been prosecuted for criminal liability. about this crime. In which, there are not only disgruntled elements, opposed to the government, but also people with education, social status, social understanding but because they want to be famous, want to express themselves, want boasting of his talents, words but disregarding the law, disregarding the honor and dignity of others, disregarding the interests of others, he was handled by criminal sanctions.

Accordingly, the investigating agency will collect documents and evidence to prove the violation, the accused’s awareness of the violation and assess the consequences it has caused to society. “If the information that the facebooker gives is not true and is aware of it, but still intentionally gives unfounded information, accusing others of causing negative impacts on the business environment, causing damage to For organizations and individuals, this is a violation of the law,” said lawyer Cuong.

Dealing with people who spread rumors of securities manipulation - 1

Dealing with people who spread rumors about stock market manipulation - 2

Dang Nhu Quynh constantly posts baseless articles that affect the stock market in the past Using social media to become famous

Commenting on fake news in recent times, Lieutenant General To An Xo – Chief of the Office and Spokesperson of the Ministry of Public Security – said that first of all, it is necessary to affirm that the Vietnamese State is always interested in protecting and promoting basic human rights, including freedom of speech, freedom of the press and the right to access information. “Ensuring citizens have the right to freedom of speech and press freedom within the framework of the Constitution and legal regulations is a consistent policy of the Party and State of Vietnam” – Lieutenant General To An Xo show.

According to Lieutenant General To An Xo, most social media users comply with the provisions of the law, propagate examples of good people and good deeds, all for the purpose of building and developing towards a healthy, democratic society. civilized. However, there are still some subjects who join social networks for personal purposes, want to be famous, create personal influence to attract public opinion, thereby doing business, trading, and making a living from doing this.

The Chief of Office of the Ministry of Public Security also added that recently, some individuals using social networks posted false and unverified information about the wrongful handling of many individuals and businesses. This information focuses on businesses in the fields of finance, banking, securities, real estate… “The publication of false information has adversely affected public opinion, investor psychology, image negatively affect the financial and securities market of Vietnam, along with that, they cause damage to the reputation and economy of individuals, businesses and investors” – Lieutenant General To An Xo emphasized.

In the coming time, the Ministry of Public Security will continue to direct the functional forces to collect and consolidate documents and evidence, resolutely handle strictly according to regulations all individuals who post false information. , untested, contributing to creating a stable and healthy business environment. In addition, the Ministry of Public Security recommends that people do not listen to and help spread false and unverified information.

Responding to the press, Ms. Ta Thanh Binh, Director of the Securities Market Development Department – State Securities Commission, has just said that the State Securities Commission will work closely with relevant authorities to rectify the situation. , strictly handle violations as well as review and handle those who spread fake news and false rumors on the market.

Previously, the Prime Minister also sent a telegram to ministries and branches to direct and strictly handle violations of the law, especially acts of inaccurate reporting causing insecurity and market safety. .

Don’t think you can write whatever you want

Dr. Dao Trung Hieu, a criminology expert, said that in recent times, illegal acts in cyberspace have become very complicated. Some people think that social networks can write what they want to write, and give whatever they want to give because it is a personal right. However, if you let the private mode write for you to read, it’s okay, but when it’s public, the message that makes an impact, affects the perception and thoughts of others, will be handled.

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Lawyer Dang Van Cuong, Legal Law Office:

Imprisonment up to 7 years is possible

According to Article 331 of the Penal Code, those who commit the crime of “abusing democratic freedoms to infringe upon the interests of the State, and the legitimate rights and interests of organizations and individuals” may face fines. warning, non-custodial reform for up to 3 years or imprisonment from 6 months to 3 years. Those who commit crimes that adversely affect security, order and social safety shall be sentenced to between 2 and 7 years of imprisonment. For this crime, the police agency is required to prove the writings. of the accused, causing material and spiritual damage to individuals and organizations. During the verification process, the police agency will have to collect evidences and documents to prove that damage has occurred. In addition, individuals and organizations suffering from mental and material damage can still initiate lawsuits to claim compensation.

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Mr. Huynh Minh Tuan, Brokerage Director, Head Office of Mirae Asset Securities Company:

It is difficult to quell or correct rumors

Rumors have “living land” for many reasons. In terms of law, that is the regulation on information disclosure in Circular 96/2020/TC-BTC. Although this Circular has very clear provisions on violations, it has not update add the effect of rumors spreading through cyberspace. Therefore, those involved in rumors also have no basis to actively disclose information to quell rumors or correct individuals from the public’s concerns. The Ministry of Finance may have also seen this inadequacy and will issue a circular to amend and supplement to suit the new situation of the media.

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