Billionaire Trinh Van Quyet was asked to freeze family assets
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The Minister of Justice decided to recognize and dismiss the member of the Council of Hanoi Law University for the 2020-2025 term with Mr. Trinh Van Quyet, Lawyer, former Chairman of the Board of Directors of FLC Group.
By the end of 2021, the total assets of FLC Group are about VND 34 trillion. FLC owns many real estate projects across the country from resorts, urban areas, housing complexes to offices and commercial centers such as: FLC Twin Tower, FLC Landmark Tower, FLC Complex Pham Hung, FLC Garden City, FLC Star Tower, FLC Green Apartment, Bamboo Airways Tower; FLC Sam Son, FLC Quy Nhon, FLC Nghe An, FLC Quang Binh...
FLC is also a major shareholder of Bamboo Airways. Specifically, the shareholder structure of this airline includes Mr. Trinh Van Quyet with the ownership rate of 56.5% of charter capital, FLC Group with 25.85% of charter capital. This airline, despite many difficulties during the Covid-19 epidemic, is currently recovering quite well.
Since the beginning of the year, the market capitalization of FLC Group has "evaporated" by 46%. Other stocks also fell deeply such as: HAI decreased by 37% in value, ROS decreased by more than 58%...
In a related development, after Mr. Trinh Van Quyet and his two siblings were arrested, the Investigation Police Agency (C01) of the Ministry of Public Security issued a decision to prosecute the accused, arrest and detain Ms. Huong Tran Kieu Dung. Vice Chairman of the Board of Directors, former General Director of FLC Group; and Ms. Nguyen Quynh Anh, General Director of BOS Securities, for being an accomplice to help Mr. Quyet to "manipulate the stock market".
Recently, according to a source of Dan Tri, the Ministry of Justice has agreed to the proposal to remove Mr. Trinh Van Quyet from the position of a member of the Council of Hanoi Law University for the 2020-2025 term. This proposal was approved by the Council of Hanoi Law University after Mr. Trinh Van Quyet was prosecuted and detained for investigation.
The Council of Hanoi Law University, term 2020 - 2025 is recognized by the Ministry of Justice under Decision No. 1738/QD-BTP dated August 11, 2020 of the Minister of Justice.
The Council of Hanoi Law University consists of 17 members, including: Secretary of the University's Party Committee, Rector, President of the Trade Union, representatives of the Executive Committee of the Ho Chi Minh Communist Youth Union who are learners; representatives of lecturers, officials and employees of the university; representatives of the Ministry of Justice, representatives of the social community are leaders, managers, educators, cultists, scientists, entrepreneurs, alumni, employers' representatives activities related to school activities.
The School Council performs the function of an administrative organization, exercises the right to represent the owner and related parties in accordance with the provisions of law and the Regulation on organization and operation of Hanoi Law University. Interior.
At that time, Mr. Trinh Van Quyet represented a group of alumni of Hanoi Law University and a famous businessman: Lawyer, Chairman of the Board of Directors of FLC Group Joint Stock Company, Chairman of the Board of Members of Law Firm. SMiC.
According to current regulations, the school board is responsible for considering and deciding on the dismissal or dismissal of members of the school board and sending a dossier to request the direct management agency to issue an accreditation decision.
Within 30 working days after receiving a complete application file from the university, the head of the direct management agency shall issue a decision on dismissal or removal from office; In case of disagreement, it must reply in writing and clearly state the reason.
Currently, the list of members of the Council of Hanoi Law University, which is publicly posted on its website www.hlu.edu.vn, no longer has Mr. Trinh Van Quyet's name.
According to this list, Dr. Chu Manh Hung is the Secretary of the Party Committee, Chairman of the Council of Hanoi Law University; Mr. Nguyen Quang Tuyen is Vice Chairman of the University Council, Dean of Faculty of Economic Law.
In addition, the list of members of the Council of Hanoi Law University, which was publicly posted on the university's website www.hlu.edu.vn, no longer has Mr. Trinh Van Quyet's name.
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...
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