The Investigation Police Agency (C01) of the Ministry of Public Security has just completed the conclusion of the supplementary investigation into the case of "manipulating the stock market, fraudulent appropriation of assets, intentionally disclosing false information or concealing information in securities activities and taking advantage of positions and powers while performing official duties" occurring at FLC Group Joint Stock Company (FLC Group), BOS Securities Joint Stock Company, Faros Construction Joint Stock Company, related companies in the ecosystem of FLC Group and related agencies and units.
Mr. Trinh Van Quyet
In this case, C01 proposed to prosecute 51 defendants in 4 groups of crimes. Of which, 13 defendants were proposed to be prosecuted for stock market manipulation; 23 defendants were proposed to be prosecuted for fraud and appropriation of property; 4 defendants were proposed to be prosecuted for abusing their positions and powers while performing official duties; 3 defendants were proposed to be prosecuted for intentionally publishing false information or concealing information in securities activities; 8 defendants were proposed to be prosecuted for 2 crimes of stock market manipulation and fraud and appropriation of property, including Mr. Trinh Van Quyet, former Chairman of FLC Group.
Previously, in October 2023, C01 completed its investigation conclusion and proposed to prosecute 21 defendants in this case. However, the Supreme People's Procuracy returned the file requesting additional investigation to "ensure prosecution".
According to the additional investigation conclusion, from May 26, 2017 to January 10, 2022, Mr. Trinh Van Quyet directed his sister Trinh Thi Minh Hue and his accomplices to manipulate the stock market for 5 stock codes AMD, HAI, GAB, FLC, ART, thereby illegally profiting more than 723 billion VND.
C01 also determined that, during the period from 2014 to 2016, shareholders actually only contributed 1,197 billion VND in charter capital to Faros Construction Joint Stock Company, but with the purpose of appropriating investors' money in the stock market.
From 2014 to September 2016, Mr. Trinh Van Quyet directed his subordinates and related individuals to create and sign fake documents and capital contribution documents of 3,102 billion VND, increasing the equity of Faros Construction Joint Stock Company to 4,300 billion VND.
After that, the defendants proposed to register to list 430 million ROS shares of Faros Construction Joint Stock Company on the Ho Chi Minh City Stock Exchange to sell and appropriate more than VND 3,620 billion from investors.
In addition to individuals who assisted Mr. Trinh Van Quyet in committing crimes, C01 also clarified violations by individuals belonging to state management agencies with authority to approve public company registration, securities depository and stock listing.
C01 has additionally prosecuted 7 defendants in 2 groups of crimes, of which 4 defendants from the Ho Chi Minh City Stock Exchange were prosecuted for the crime of abusing their positions and powers while performing official duties; 3 defendants from the Department of Public Company Supervision (State Securities Commission) and the Vietnam Securities Depository Center were prosecuted for the crime of intentionally publishing false information or concealing information in securities activities.
Source link
Comment (0)