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6 stock codes manipulated by Mr. Trinh Van Quyet

Illustration.

On June 7, the Investigation Police Agency of the Ministry of Public Security continued to issue a notice to find investors (victims) related to the case of stock market manipulation that occurred at FLC Group Joint Stock Company. , BOS Securities Joint Stock Company and related units.

According to the investigation, from September 1, 2016 to January 10, 2022, Mr. Trinh Van Quyet – former Chairman of the Board of Directors of FLC Group Joint Stock Company (FLC Group) directed his sister Trinh Thi Minh Hue to (group accountant) contacting individuals who are related to their families and relatives to establish the company.

Following the direction of Mr. Quyet, the accused Hue contacted and together with his family members established 20 companies. The defendants also borrowed and used the identity cards of 26 relatives to open 450 securities accounts in the name of Ms. Hue and companies and individuals at 41 securities companies.

Of which, 120 accounts are opened at BOS Securities Joint Stock Company, 330 accounts are opened at other securities companies. The purpose is to continuously trade in the same securities, cross-match (do not lead to actual transfer of ownership), trade in large volumes, dominate the market at the time of opening and closing and place buy/sell orders and then cancel orders… to create artificial supply and demand, manipulating stock prices for 6 stock codes.

These securities codes include: Code FLC of FLC Group; ROS . code of FAROS Construction Joint Stock Company; code ART of BOS Securities Joint Stock Company; code TWO of HAI Agricultural and Pharmaceutical Joint Stock Company; AMD code of FLC Stone Investment and Mineral Joint Stock Company and code GAB of FLC Asset Management and Mining Investment Joint Stock Company.

The Ministry of Public Security said that through the above behavior, the defendants obtained illicit profits and caused damage to investors.

Therefore, the Investigation Police Agency informed investors (victims) to buy FLC code from September 23, 2020 to January 10, 2022; ROS code from September 1, 2016 to present; ART codes from January 2, 2021 to June 11, 2021; code TWO from June 26, 2017 to February 9, 2018; AMD code from May 26, 2017 to July 13, 2017 and GAB code from December 19, 2019 to November 27, 2020 to know, contact Room 4 C01 of the Ministry of Public Security before June 29 to handle.

Previously, on March 29, the Ministry of Public Security said it had prosecuted and detained Mr. Trinh Van Quyet for manipulating the stock market. After Mr. Quyet, the defendant’s two younger sisters and a number of leaders and officials of FLC Group were also arrested.

The investigating agency alleges that the conduct of Mr. Quyet and his accomplices caused serious damage to investors and affected the operation of Vietnam’s stock market.

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