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The deputy director of the State Securities Commission was arrested

HanoiMr. Nguyen Hung, 55 years old, Deputy Director of Securities Market Supervision under the State Securities Commission, Ministry of Finance was arrested on charges of revealing secrets.

On April 29, Lieutenant General To An Xo, a spokesman for the Ministry of Public Security, said that Mr. Hung, 55, was prosecuted and detained by the Investigation Security Agency (Ministry of Public Security) for investigation of crimes. Deliberately disclosing work secretsaccording to Clause 1, Article 361 of the Penal Code.

The investigation of Mr. Hung is part of a case of intentionally disclosing work secrets that occurred in Hanoi and many provinces and cities that was prosecuted on the same day, but specific violations have not been disclosed.

Over the past month, authorities have prosecuted two cases related to stock market manipulation. In the first case, on March 29, the Police Investigation Agency (Ministry of Public Security) arrested the chairman of FLC Trinh Van Quyet with two biological sisters and some people.

On April 20, authorities prosecuted and investigated violations at Tri Viet Securities Joint Stock Company, Louis Holdings Joint Stock Company and a number of related companies. Mr. Do Duc Nam, General Director of Tri Viet Securities and Mr Do Thanh Nhan, Chairman of Louis Holdings.

The investigative agency alleges that from January 4, 2021 to October 6, 2021, Mr. Nhan colluded with Mr. Nam and some people to “use multiple securities trading accounts to buy, sell and entice others. to manipulate the stock price of Louis Capital Joint Stock Company (ticker code TGG), Louis Land Joint Stock Company (code BII) and other securities codes”. This behavior is considered illegal, earning hundreds of billions of dong illegally.

Pham Du

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