The Ministry of Public Security finds the victim who bought the inflated FLC shares

The investigative police agency is investigating the “stock market manipulation” case, which occurred at FLC Group Joint Stock Company, BOS Securities Joint Stock Company and related companies, according to Decision No. prosecuted the criminal case No. 06/QD-VPCQCSĐT dated March 29, 2022 of the Investigative Police Agency of the Ministry of Public Security.

The investigation determined that from December 1, 2021 to January 10, 2022, Trinh Van QuyetChairman of the Board of Directors of FLC Group Joint Stock Company directed Trinh Thi Thuy Nga, Trinh Thi Minh Hue, Huong Tran Kieu Dung, Nguyen Quynh Anh and related objects to lend and use opened accounts to buy /sell securities, manipulate the stock market, push the price of FLC shares to the “ceiling” price of 15,500 VND/share on December 1, 2021 to 24,050 VND/share on January 10/ 2022, the average is 22,586 VND/share (up 64%).

Then, on January 10, 2022, order to sell 76,769,900 FLC shares and matched order for 74.8 million FLC shares with average price of 22,586 VND/share but did not disclose information before the transaction, with the amount VND 1,689,422,165,000 (accounting for 55.42% of the total market matching volume, accounting for 10.54% of the total circulating volume of FLC shares), causing the price of FLC stock to drop to the floor for 8 consecutive trading sessions, a step Initially determined to cause serious damage to investors who bought 60.1 million FLC shares on the stock exchange on January 10, 2022, affecting the operation of Vietnam’s stock market.

Based on the investigation results, initially determining the behavior of “manipulating the stock market”, from December 1, 2021 to present, the Investment Police Agency of the Ministry of Public Security has issued a decision to prosecute a criminal case. prosecuted 5 defendants, ordered the arrest of 5 defendants for temporary detention for the crime of “manipulating the stock market”, specified in Article 211 of the Penal Code 2015 for: (1) Trinh Van Quyet, former Chairman Board of Directors; (2) Trinh Thi Minh Hue, former employee of General Accountant of FLC Group Joint Stock Company; (3) Huong Tran Kieu Dung, former Chairman of the Board of Directors of BOS Securities Joint Stock Company and Standing Vice Chairman of FLC Group Joint Stock Company; (4) Trinh Thi Thuy Nga, former member of the Board of Directors cum Deputy General Director, (9) Nguyen Quynh Anh, former General Director of BOS Securities Joint Stock Company and is continuing to strengthen and clarify other accomplices .

To serve the investigation request, the Investigative Police Agency of the Ministry of Public Security informed investors (victims) to buy 60.1 million share On January 10, 2022, FLC knew and contacted the Investigative Police Agency of the Ministry of Public Security (Room 4/C01) to deal with it in accordance with the law. Address: No. 47 Pham Van Dong, Mai Dich ward, Cau Giay district, Hanoi city; phone number on duty: 069.2345860; mobile phone number: 091.858.6688, before June 15, 2022.

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