The Hanoi High-Level People’s Court has decided to reopen the appellate trial for Trinh Van Quyet, former Chairman of FLC Group, and his accomplices in the case of stock manipulation and fraud on June 17th.
Previously, the appellate trial reviewing Mr. Quyet’s appeal, along with his two sisters and several related defendants, had been postponed twice due to his absence for health reasons.
At the second appellate trial, held in late March, attorney Nguyen Trong Nghia, representing Mr. Quyet, stated that his client had been facing serious health issues since late December 2024 and was diagnosed with pulmonary tuberculosis, with a deteriorating condition.
On March 1st, the hospital concluded that Mr. Quyet was also suffering from grade 3 heart failure and multiple life-threatening illnesses, rendering him unable to attend the trial.
Defendant Trinh Van Quyet at the first-instance trial.
The trial panel decided to postpone the trial to ensure the rights of the defendants, the victims, and related entities. The postponement also allowed the prosecution to consider the defendants’ and their families’ efforts in remedying the consequences of the case.
Following the postponement, Mr. Quyet’s family paid an additional 100 billion VND to address the consequences of the case. This amount was transferred to the account of the Hanoi Department of Civil Judgment Enforcement.
Thus far, Mr. Quyet and his two sisters, Trinh Thi Thuy Nga, former Deputy General Director of BOS Securities Company, and Trinh Thi Minh Hue, an official in the accounting department of FLC Group, have paid a total of approximately 1,073 billion VND in compensation.
This amount is being managed by the Hanoi Department of Civil Judgment Enforcement for future civil judgment enforcement.
In the first-instance judgment in August 2024, the Hanoi People’s Court sentenced Mr. Trinh Van Quyet to 21 years in prison for fraud and stock market manipulation. Meanwhile, his sisters, Trinh Thi Minh Hue and Trinh Thi Thuy Nga, were sentenced to 14 and 8 years in prison, respectively.
Unlocking the Trial: The Ex-Chairman of FLC Takes the Stand Again Post-Health Scare
The Hanoi High-Level People’s Court has decided to reopen the trial of Trinh Van Quyet, the former Chairman of FLC Group, and related individuals. This decision comes after multiple adjournments, with the court now proceeding with the appeal process.
“Money Laundering Scheme Unveiled: Four More Suspects Charged as Authorities Seize Multiple Supercars Across the Nation”
The Thanh Hoa Provincial Police have made a significant breakthrough in a money laundering case, arresting three individuals and initiating legal proceedings against four suspects. This nationwide operation has led to the seizure of multiple luxury vehicles, highlighting the scale and impact of this illicit enterprise.
‘Phú Quốc Land Swindlers’ Get Life Imprisonment for Defrauding Over $1.5 Million
With a knack for spotting lucrative investment opportunities, scam artist Nguyen Van Loi preyed on an unsuspecting individual seeking to venture into the real estate market of Phu Quoc. Posing as a credible source, Loi deceitfully promoted and offered investment deals in land plots that he had no ownership over. Through this elaborate scheme, he swindled a staggering 34 billion VND from his victim.
Indictment: CEO Charged with Embezzling $1.6 Million Through Fake Project Sales
“Vietnamese police have arrested and charged Nguyen Quang Thuat, the CEO of Global Advanced Education Joint Stock Company, with fraud during a project transfer, resulting in the embezzlement of 38 billion Vietnamese dong.”
“The Great Deception: Unraveling the Schemes of a Six-Year, Multi-Billion Dollar Fraud”
The Hanoi Police Investigation Agency is urgently seeking shareholders and investors who have contributed capital to this company.
