After discussions and listening to opinions from lawyers, defendants, and victims present at the trial, the judicial panel stated that postponing the appeal hearing for Trinh Van Quyet, ex-chairman of FLC Group, is necessary to ensure the rights of the victims. The postponement aims to give the defendants and their families more time to pay compensation for victims and those with related rights and obligations.
The Vietnamese Party, State, military and people always treasure the special relations with Laos in all circumstances, and bear in mind the valuable support of Laos for the nation during its struggle for national independence in the past and construction and development nowadays, a Vietnamese high-ranking military officer said on August 26.
Trinh Van Quyet, former Chairman of the Board of Directors of the real estate developer FLC Group JSC, on August 5 was sentenced to 21 years in prison for the charges of "fraudulent appropriation of property" and "stock market manipulation".
The Supreme People's Procuracy has recently issued an indictment prosecuting 51 defendants in the case of stock market manipulation related to the FLC Group Joint Stock Company.
The Investigation Police Agency of the Ministry of Public Security has forwarded the file of the case of stock market manipulation related to the FLC Group Joint Stock Company to the Supreme People's Procuracy, recommending the prosecution of 51 defendants in the case.
The Ministry of Public Security on August 25 launched criminal proceedings against Trinh Van Quyet, former Chairman of the FLC Group Joint Stock Company, and three others on a charge of fraudulent appropriation of property, following their earlier arrests for alleged stock market manipulation.
The Investigation Police Agency has sent a written request to several localities to suspend the transfer, purchase and sale of assets and shares under the ownership of former FLC Chairman Trinh Van Quyet and related persons.
The Ministry of Public Security’s Investigation Police Agency on April 8 launched criminal proceedings against and detained two other suspects for assisting Trinh Van Quyet, former Chairman of the FLC Group JSC, in manipulating the stock market.
The Investigation Police Agency under the Ministry of Public Security, on April 8, sent a document to eight banks requesting them to provide information to serve the investigation of the act of stock market manipulation against Trinh Van Quyet, Chairman of FLC Group Joint Stock Company.
The Ministry of Public Security has decided to launch criminal proceedings against and detain Trinh Thi Minh Hue, a member of FLC Group JSC's accounting department, for assisting Trinh Van Quyet, former Chairman of the company, on the charge of stock market manipulation.
The domestic stock market has still been assessed positive despite recent adverse impacts, partially thanks to its internal factors, the head of the State Securities Commission (SSC) affirmed on March 31.
Property developer FLC Group announced on March 31 that Dang Tat Thang will be chairman of the group and Bamboo Airways until a new decision from shareholders' meeting and the board of directors.
The Civil Aviation Authority of Vietnam (CAAV) has held an urgent meeting with key leaders of Bamboo Airways to assess risks and ensure absolute flight safety after this carrier’s Chairman Trinh Van Quyet had been temporarily detained on the charge of stock market manipulation.
The Ministry of Public Security's Investigation Police Agency on March 29 decided to launch criminal proceedings against and arrest Trinh Van Quyet, Chairman of the FLC Group Joint Stock Company, pending investigations into suspicion of stock market manipulation.
The Bamboo Airways Joint Stock Company has raised its charter capital to 18.5 trillion VND (814 million USD) from 16 trillion VND, according to the National Business Registration Portal.
Bamboo Airways will not change its market share target in 2020 despite the COVID-19 pandemic, though the minimum fleet plan will be reduced from 50 to 40 aircraft.
The new budget carrier Bamboo Airways plans to list 400 million shares on Ho Chi Minh City Stock Exchange or Hanoi Stock Exchange in January 2020 at the earliest.
Property developer FLC Group, which owns Viet Bamboo Airways Company Limited (Bamboo Airways), has decided to buy 24 A321 Neo aircraft worth 3 billion USD from French manufacturer Airbus.
