As previously reported by VietNamNet, the trial of the former Chairman of the FLC Group, Trinh Van Quyet, has been postponed multiple times due to health issues. However, on June 17, the Hanoi High-Level People’s Court will proceed with the appeal trial for the case of fraud and stock market manipulation involving the FLC Group.
According to recent information obtained by VietNamNet, Mrs. Le Thi Ngoc Diep, Mr. Quyet’s wife, has paid over VND 1,400 billion to the Hanoi Department of Civil Judgment Enforcement to compensate for her husband’s actions.
During the previous appeal trial on March 25, Mr. Nguyen Trong Nghia, Mr. Quyet’s lawyer, stated that a medical consultation on March 14 revealed that his client was suffering from grade 3 heart failure and other critical illnesses. As a result, the lawyer requested a postponement of the trial due to Mr. Quyet’s fragile health condition.
Mr. Nghia appealed to the court to allow his client sufficient time to compensate for the damages caused by the case. He added that since the first-instance trial, Mr. Quyet and his family had compensated nearly VND 1,000 billion for both the defendant and his two sisters.
Addressing the court on March 25, the presiding judge acknowledged that since the first-instance trial, Mr. Quyet had compensated approximately VND 254 billion. By December 26, 2024, he had paid an additional VND 300 billion, and as of March 25, the total compensation for his two sisters amounted to approximately VND 1,000 billion.
Mr. Quyet was ordered to compensate a total of approximately VND 2,400 billion. With the additional amount paid by his wife, the former FLC Chairman has now compensated for all the damages caused by the case.
On the afternoon of August 5, 2024, the Hanoi People’s Court sentenced Mr. Trinh Van Quyet to 18 years in prison for “fraud” and three years for “stock market manipulation,” resulting in a combined sentence of 21 years.
Meanwhile, Mr. Quyet’s sisters, Trinh Thi Minh Hue and Trinh Thi Thuy Nga, were sentenced to 14 and 8 years in prison, respectively.
During the first-instance trial, Mr. Trinh Van Quyet stated that the case served as a significant lesson and would haunt not only him but also the other defendants for the rest of their lives.
When questioned by the court about compensation plans, Mr. Quyet mentioned that his personal assets, accumulated over more than 20 years, were worth approximately VND 4,800-5,000 billion, and he hoped to be given the opportunity to make amends.
Following the first-instance trial, in addition to Mr. Quyet and his two sisters, 22 other defendants filed appeals, along with 134 victims and 396 individuals with related rights and obligations. The court summoned all 50 defendants to attend the appeal trial.
Nearly 50 lawyers participated in the case, with five representing Mr. Trinh Van Quyet.
T.Nhung
– 13:40 07/06/2025
