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Officers search FLC’s head workplace in Hà Nội. Photograph cand.com.vn
HÀ NỘI — Trịnh Thị Thúy Nga, the sister of former FLC Group CEO Trịnh Văn Quyết, has been arrested by the Police Investigation Company in a inventory market manipulation case.
On Tuesday, the company determined to prosecute and executed the arrest warrant for Nga, citing Article 21 of the Felony Code.
In accordance with the company, Nga was an confederate to her brother Quyết in inventory market manipulation.
Nga, 43, is a member of the Board of Administrators and Deputy CEO of BOS Securities Firm. Quyết was the firm’s Chairman of the Board.
On Monday night, Trịnh Thị Minh Huế, one other one of Quyết’s sisters and an officer of the Accounting Division of FLC Group, was additionally arrested for inventory market manipulation.
The company mentioned the crimes brought about severe harm to buyers, negatively affecting the nation’s inventory market’s operations.
In accordance with paperwork, from December 1, 2021, to January 10, Quyết directed people managing BOS Securities Firm, subsidiaries and satellite tv for pc firms to make use of 20 inventory accounts of 11 establishments to repeatedly commerce available on the market with excessive frequency, creating synthetic demand and provide.
Thereby, the value of FLC shares skyrocketed from VNĐ14,650 per share (US$0.64 per share) on December 1, 2021, to a excessive of VNĐ24,050 per share, up greater than 64 per cent.
After share costs hit the ceiling costs, the previous CEO of FLC Group directed his household to promote 74.8 million shares on the value of VNĐ22,586 per share with out disclosing.
The full income from the sale was practically VNĐ1.7 trillion.
Instantly after the sale, the State Safety Committee cancelled the transaction and refunded buyers who purchased FLC shares throughout the commerce. — VNS
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