Trinh Van Quyet was further prosecuted for fraud to appropriate property, "fog" 6,412,480,399,700 VND

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 05 other individuals.

On August 25, according to Tuoi Tre Online's own source, the Investigative Police Agency of the Ministry of Public Security (C01) issued a decision to additionally prosecute Mr. Trinh Van Quyet - former chairman of FLC Group - to investigate. investigation of fraud and appropriation of property. The investigative agency also prosecuted additional charges against Ms. Huong Tran Kieu Dung, former chairman of the board of directors of BOS Securities Joint Stock Company and permanent vice president of FLC Group Joint Stock Company.

Quyet's two sisters were also prosecuted for the same crime as: Trinh Thi Thuy Nga - former member of the board of directors and deputy general director of BOS Securities Joint Stock Company and Trinh Thi Minh Hue - an accountant. belonging to the accounting department, FLC Group Joint Stock Company.

The above procedural decisions have been approved by the procuracies. It is known that former chairman of FLC Trinh Van Quyet and the defendants have acted to raise capital of FLC Faros Construction Joint Stock Company.

According to the investigation, from 2014 to 2016, Mr. Quyet and the 3 suspects above carried out procedures to increase the charter capital from VND 1.5 billion to VND 4,300 billion, equivalent to 430 million shares of Construction Joint Stock Company. build Faros. After being listed 430 million ROS shares on the stock exchange, the defendants sold them 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 05 other individuals (assigned by Quyet to be the owner of the ROS shares). name), collected a total of 6,412,480,399,700 VND and cashed it in for appropriation.

Earlier on March 29, Mr. Quyet was prosecuted and detained by C01 to investigate the crime of manipulating the stock market. After that, the police arrested Mr. Quyet's two sisters, Trinh Thi Thuy Nga and Trinh Thi Minh Hue, along with Ms. Huong Tran Kieu Dung, and Nguyen Quynh Anh, General Director of BOS Securities Joint Stock Company.

The initial investigation determined that, from September 1, 2016 to January 10, 2022, former FLC chairman Trinh Van Quyet directed his sister Trinh Thi Minh Hue and staff in the Accounting Department to let her 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 and his brothers opened 120 accounts at BOS Securities Joint Stock Company, 330 accounts at other securities companies.

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 obtained illicit profits and caused damage to investors.

With the creation of fake supply and demand, when the price was pushed to the ceiling, 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 VND 530 billion.

When investigating the case, the Ministry of Public Security issued a notice to find investors who suffered damage when buying securities codes FLC, ROS, ART, HAI, AMD, GAB.

Authorities determined that the defendants continuously traded in the same securities, traded cross-matched (do not lead to real transfer of ownership, traded in large volumes, dominated the market at the time of opening). , close and place buy/sell orders then cancel orders... in order to create artificial supply and demand, manipulating stock prices for 6 stocks.

These securities codes include: FLC code of FLC Group; ROS code of FAROS Construction Joint Stock Company; ART code of BOS Securities Joint Stock Company; code HAI of HAI Agricultural and Pharmaceutical Joint Stock Company; AMD code of FLC Stone Investment and Mineral Joint Stock Company and GAB code of FLC Asset Management and Mining Investment Joint Stock Company. The Ministry of Public Security said that through the above behavior, the defendants made illegal profits and caused damage to investors.

Billionaire Trinh Van Quyet was asked to freeze family assets Rosé11:04:16 15/04/2022FLC Group is a multi-industry enterprise, focusing on real estate and tourism with branches and projects in many provinces and cities across the country. Recently, the Ministry of Public Security requested localities to suspend the transfer, purchase and sale of assets and...