Mr. Trinh Van Quyet had his Rolls-Royce inlaid with tens of billions of gold recovered to handle his debt

The location of property seizure is at the Bamboo Airways office building of FLC at 265 Cau Giay, Dich Vong ward, Hanoi. BIDV Quy Nhon said it will process, auction it publicly to recover the debt, or seize it until FLC Faros fulfills its loan repayment obligation.

On August 25, the Investigative Police Department (CSDT) of the Ministry of Public Security implemented decisions to supplement the decision to prosecute a criminal case, and the decision to supplement the decision to prosecute the accused against Trinh Van Quyet and the accused. related individuals on the crime of "fraudulent appropriation of property" occurred at FLC Faros Construction Joint Stock Company and related companies.

Recently, the Joint Stock Commercial Bank for Investment and Development of Vietnam, Quy Nhon branch (BIDV Quy Nhon) recently announced the seizure of security assets of FLC Faros Construction Joint Stock Company (stock code: ROS). for debt settlement.

This property is a 5-seat Rolls-Royce car according to the automobile registration certificate No. 474115 issued by CA-Hanoi on May 26, 2018; license plate: 30F-187.88. The supercar was manufactured in the UK in 2011, known to belong to Mr. Trinh Van Quyet, former Chairman of the Board of Directors of FLC Faros, also former Chairman of the Board of Directors of FLC Group Joint Stock Company.

The location of property seizure is at the Bamboo Airways office building of FLC at 265 Cau Giay, Dich Vong ward, Hanoi. BIDV Quy Nhon said it will process, auction it publicly to recover the debt, or seize it until FLC Faros fulfills its loan repayment obligation.

The above bank branch also said that FLC Faros has incurred overdue debt since February 21, 2022 here with the total amount of principal, interest and penalty fees incurred until August 9 is nearly 186 billion dong. In which, the principal is 177 billion dong and the interest and late payment fee is 8.8 billion dong.

BIDV has repeatedly announced overdue debt. However, the bank said that the borrower, FLC Faros, and the loan guarantor, FLCHomes Real Estate Development Business Investment Joint Stock Company, still did not voluntarily repay the bank.

BIDV Quy Nhon also said that it is requested that the borrower and the guarantor coordinate to notify related parties (if any) to carry out the handover of the above assets to BIDV Quy Nhon before September 5, 2022. After the above time, if the borrower and the guarantor still do not cooperate, BIDV Quy Nhon will coordinate with functional units to promote the coercive recovery of collateral in accordance with the law. current.

In that case, the borrower and the guarantor will be fully responsible before the law and reasonable costs for further recovery (if any). In the market, a 2011 Rolls-Royce Ghost of this series I is for sale for over 10 billion VND, which is just over 5% of the debt that BIDV Quy Nhon branch informed FLC Faros.

The shares of FLC Faros have just been forced to be delisted from September 5 because the company repeatedly violated regulations on information disclosure and the Ho Chi Minh City Stock Exchange (HoSE) found that the company did not have the ability to disclose information. timely publication of audited financial statements for the first 6 months of the year.

The investigation process to expand the case "Stock market manipulation" occurred at FLC Group Joint Stock Company, BOS Securities Joint Stock Company and related companies, according to the decision to prosecute criminal case No. 06/QD-VPCQCSĐT of the Criminal Investigation Agency of the Ministry of Public Security, there are grounds to determine that in addition to criminal acts, the defendants have been prosecuted: Trinh Van Quyet, Trinh Thi Minh Hue, Trinh Thi Thuy Nga, Huong Tran Kieu Dung and engage in the act of "fraudulent appropriation of property" through:

From 2014 to 2016 procedures to increase the charter capital from VND 1.5 billion to VND 4,300 billion, equivalent to 430 million shares of Faros Construction Joint Stock Company and when it was listed 430 million ROS shares on the exchange. securities, sold to appropriate investors' mone.y.

Initially determined, as of February 24, 2021, Trinh Van Quyet directed Trinh Thi Minh Hue to sell all ROS shares named Trinh Van Quyet and ROS shares named after 5 other individuals (thanked by Quyet on behalf of Quyet). name), collected a total of 6,412,480,399,700 VND and cashed it in for appropriation.

On August 23, 2022, the Investigation Police Agency of the Ministry of Public Security issued a decision to supplement the decision to prosecute a criminal case, decide to supplement the decision to prosecute the accused against: Trinh Van Quyet, Trinh Thi Minh Hue, Trinh Thi Thuy Nga and Huong Tran Kieu Dung on the charge of "fraudulent appropriation of property", occurred at FLC Faros Construction Joint Stock Company and related companies.

On August 24, 2022, the Supreme People's Procuracy (Case 5) issued decisions approving the decision to supplement the decision to prosecute the above 4 accused and on August 25, 2022 the Investigation Agency of the Ministry of Public Security executed the procedural decisions in accordance with the law.

Trinh Van Quyet was further prosecuted for fraud to appropriate property, "fog" 6,412,480,399,700 VND Jennie10:41:02 26/08/2022Initially determined, as of February 24, 2021, Trinh Van Quyet directed Trinh Thi Minh Hue to sell all ROS shares named Trinh Van Quyet and ROS shares named after 05 other individuals. On August 25, according to Tuoi Tre Online's own source, the Investigative Police Agency of...