FLC Chairman Trinh Van Quyet was temporarily suspended from exiting for a month, stocks fell to the floor

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Quyet's situation is of great public interest.
From the night of March 27, there were rumors on social networks related to Trinh Van Quyet, Chairman of the Board of Directors of FLC Group Joint Stock Company, that he was detained to investigate some contents. related to business investment activities.
Then, this morning of March 28, it was reported that the central procedural authorities had issued a decision to suspend Mr. Trinh Van Quyet's exit for a period of 1 month, from March 26, to do so. clarify some contents related to Mr. Quyet's business investment activities. Since this morning, the above information has had a strong impact on the stock market, especially with FLC shares.
On the afternoon of March 28, a reporter from Nguoi Lao Dong Newspaper contacted Mr. Trinh Van Quyet to find out information. After the reporter introduced him over the phone, Mr. Trinh Van Quyet simply said: "I'm busy", then hung up.
The reporter then texted and called many times on Mr. Trinh Van Quyet's phone number to find out more information, but the Chairman of FLC Group did not answer the phone or respond.
As planned, Mr. Quyet will attend the Vietnam Investment Forum in London on the morning of March 30 and give a concluding speech at the end of the session as Chairman of Bamboo Airways. In the afternoon of the same day, Roadshow introducing FLC's ecosystem will also be held here. Mr. Quyet's presence at these two events is still open.
Previously, a leader of the Investigation Police Agency (CSDT) of the Ministry of Public Security said that the information that Mr. Trinh Van Quyet, FLC Group was detained, was incorrect. In addition, this leader said that he had sent someone to verify and search for information that the Investment Police Agency had made a decision to suspend the exit of Mr. Trinh Van Quyet.
"I am not the one who signed the decision to postpone entry and exit for Mr. Quyet. Currently, I am sending my brothers to check why there is such information" - the leader of the Police Department of the Ministry of Public Security, informed .
Mr. Trinh Van Quyet (47 years old, born in Vinh Tuong District, Vinh Phuc Province) is now known as a successful businessman, having founded and operated many businesses in real estate, tourism, aviation, law. ...
Until now, with the value of shares held at FLC Group Joint Stock Company, Bamboo Airways..., Mr. Trinh Van Quyet has an estimated total capitalization of tens of thousands of billions of dong. In 2019, Mr. Quyet was once ranked the 3rd richest person on the Vietnam stock exchange, just behind Mr. Pham Nhat Vuong - Chairman of Vingroup and Ms. Nguyen Thi Phuong Thao - CEO of Vietjet.
However, besides the successes, Mr. Trinh Van Quyet's name is also associated with many scandals related to the businesses he runs. In particular, Mr. Quyet's real estate and tourism development projects in many localities have been opposed by people due to environmental concerns, land acquisition...
Notably, Mr. Quyet received a lot of criticism from securities investors because the stocks in the FLC family encountered many unusual fluctuations. In mid-January, the State Securities Commission issued a decision on the sanctioning of administrative violations in the field of securities and securities market against Mr. Quyet.
After many days of FLC shares being "beaten up" at a very high price, on January 10, 2022, the Chairman of the Board of Directors of FLC Group sold 74.8 million FLC shares but did not report or disclose information. before making a transaction. Notably, in just one trading session, nearly 135 million FLC shares were matched, unusually high. While for a long time, FLC stock only trades with an average volume of 15-40 million shares per day.
As of January 2022, the Chairman of FLC owned more than 215 million FLC shares (equivalent to about 30% of capital) and tens of millions of shares in member companies such as ROS, ART, BOS, GAB...
Trinh Van Quyet's arrest: FLC's biggest creditor spoke up, investors rushed to sell their F shares but failed Rosé3 years agoAlthough the arrest of a key leader of the business is bad news, the operation of FLC is currently quite good. On March 29, the Investigation Police Agency of the Ministry of Public Security issued a decision to prosecute the case, prosecute the accused and arrest Mr. Trinh Van...
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