Find investors who suffer losses when buying the stock code ‘FLC family’
The Ministry of Public Security is looking for investors who suffered damage when buying securities codes manipulated by Mr. Trinh Van Quyet, namely FLC, ROS, ART, HAI, AMD, GAB.
Specifically, the stock code FLC (during the period September 23, 2020 to January 10), ROS (from September 1, 2016 to present), ART (from January 2, 2021 to June 11), TWO (from June 26, 2017 to February 9, 2018), AMD (from May 26, 2017 to July 13, 2017) and code GAB (from December 19, 2019 to November 27, 2020). Damaged investors need to contact Room 4 of C01 at 47 Pham Van Dong, Hanoi, before June 29 for settlement.
In a notice issued on June 7, the Police Investigation Agency of the Ministry of Public Security (C01) said that this was to serve the investigation of the case. Manipulating the stock market occurred at FLC Group Joint Stock Company, BOS Securities Joint Stock Company and related companies.
Previously, on April 21, C01 once suggested “Those who invest in FLC ‘family’ securities from December 1, 2021 to January 10, 2022” should contact Room 4.
Initial investigation results determined that, from September 1, 2016 to January 10, former FLC chairman Trinh Van Quyet directed his sister Trinh Thi Minh Hue and staff in the Accounting Department to let relatives set up 20 companies.
They 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. In total, Mr. Quyet’s brothers opened 120 accounts at BOS Securities Joint Stock Company, 330 accounts at other securities companies.C.
The investigating agency determined that the purpose of this was to continuously buy and sell the same securities, cross-match, trade in large volumes to dominate the market at opening and closing times; place buy, sell and then cancel orders to create fake supply and demand to manipulate 6 securities codes. From here, Mr. Quyet’s group made illegal profits and caused damage to investors.
Case Manipulating the stock market been investigated since March 29 when C01 prosecuted the case, prosecuted the accused and arrested Mr. Trinh Van Quyet. After that, the police arrested Ms. Trinh Thi Thuy Nga and Trinh Thi Minh Hue, along with her Huong Tran Kieu DungStanding Vice Chairman of the Board of Directors FLC Group and Nguyen Quynh Anh, General Director of BOS Securities Joint Stock Company.
With the creation of fake supply and demand, when the price was pushed to the “ceiling” price, Mr. Quyet directed his relatives to place an order to sell 175 million shares and matched the order to sell 74.8 million at the price of 22,586 VND/share. The total amount of Mr. Quyet’s illicit benefits is more than 530 billion VND, the authorities allege.
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