The Ministry of Public Security issued a notice to find victims in the case of Mr. Trinh Van Quyet manipulating the stock market

To serve the investigation of the case “Manipulating the stock market”, the Ministry of Public Security has issued a notice to find the victim.

Mr. Trinh Van Quyet, former Chairman of FLC Group.

On April 21, the Ministry of Public Security said that the Investigation Police Agency of the Ministry of Public Security was investigating the “stock market manipulation” case, which happened at FLC Group Joint Stock Company, BOS Securities Joint Stock Company and BOS Securities JSC. related companies, according to the decision to prosecute criminal cases of the Investigative Police Agency of the Ministry of Public Security.

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

The police agency searched the FLC headquarters.

Then, on January 10, 2022, an order to sell 76,769,900 FLC shares and 74.8 million FLC shares matched with an average price of VND 22,586/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 matched volume in the market, accounting for 10.54% of the total circulating volume of FLC shares), making FLC’s share price hit the floor for eight consecutive trading sessions.

Initially, the authorities determined that the above behavior caused serious damage to investors who bought 60.1 million FLC shares on the stock exchange on January 10, 2022, affecting the operation of the Vietnamese stock market. Male.

Based on the investigation results, initially identifying the act 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 05 defendants, ordered the arrest of 05 defendants for temporary detention on the charge of “manipulating the stock market”, against Trinh Van Quyet, former Chairman of the Board of Directors; Trinh Thi Minh Hue, former employee of General Accountant of FLC Group Joint Stock Company; 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; Trinh Thi Thuy Nga, former member of the Board of Directors and Deputy General Director, 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 that the victim bought 60.1 million FLC shares on January 10, 2022, contact the Police Department investigate the Ministry of Public Security (Department 4/C01) for settlement 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.