The trial of Trinh Van Quyet, former chairman of FLC Group, and 49 co-defendants concluded the dispute resolution phase this morning, July 29. Before deliberating, the Hanoi People’s Court Council (HDC) allowed the defendants to have the final word.
Defendant Trinh Van Quyet at the trial. Photo: Phuong Nam
Trinh Van Quyet, the first defendant to take the stand, said he “dared not plead for leniency for himself” because the other defendants trusted the former chairman and became entangled in the case.
“It is very difficult for the defendant to plead for himself at this moment. The defendant respectfully requests the HDC to reduce the sentences of all the defendants implicated in the case so that they can soon reunite with their families. The defendant would like to apologize to everyone,” said Quyet, adding that this case is a hard lesson that will make him regretful for the rest of his life. In addition, the former chairman of FLC also apologized and hoped for leniency from “those considered victims” in the case.
Talking about his career, the former chairman of FLC said that he has always had the ambition to develop golf courses, resorts, and aviation. In fact, he has achieved certain successes, recognized and highly appreciated by the community and society, and has been changing many regions, creating hundreds of thousands of jobs for workers.
“However, because of this great ambition, the defendant has done some things that exceed the limits and violate the law. The defendant would like to thank the HDC and the Procuracy and finds the indictment of the prosecution convincing,” the defendant concluded his final words, then returned to his seat, bowing his head and wiping away tears.
Previously, the Hanoi People’s Procuracy proposed that the HDC sentence defendant Trinh Van Quyet to a total of 24-26 years in prison for two crimes: Fraudulent Appropriation of Property and Stock Market Manipulation, with the consequence of having to take responsibility for more than VND 4,300 billion.
At the stand, Trinh Thi Thuy Nga (Quyet’s sister) choked up and apologized to the other defendants in the case. Due to her trust in her brother, she had to stand trial as a defendant, along with her brother, sister, husband, brothers-in-law, and other relatives.
“The 846 days of detention, not to mention the days held at the investigative agency, will surely be a pain that the defendant will never forget,” Nga sobbed, hoping that the HDC would consider reducing her sentence because of her circumstances of having to take care of her elderly parents and raise three young children…
Another sister of the former FLC chairman, Trinh Thi Minh Hue, said that her brother was the pride of the family. Through this, the defendant asked the HDC for leniency and a reduced sentence for her brother so that he would have the opportunity to rebuild his life.
“The defendant is very remorseful for her actions, which have affected many people. Those who trusted the defendant’s words and did not examine the case before signing the documents, resulting in these consequences,” said Hue, apologizing to her brothers, sisters, and relatives.
Previously, the Procuracy proposed sentencing Trinh Van Quyet to 24-26 years in prison for two crimes. His two sisters, defendants Trinh Thi Minh Hue and Trinh Thi Thuy Nga, were proposed to be sentenced to 17-19 years and 10-12 years in prison, respectively. In terms of civil liability, defendant Quyet must take primary responsibility for compensation.
The Procuracy also proposed that the Court sentence defendant Tran Dac Sinh, former Chairman of the Board of Directors of Ho Chi Minh City Stock Exchange, to 8-9 years in prison; Le Hai Tra, former member of the Board of Directors, Standing Vice Chairman, and Independent Member of the Listing Council of Ho Chi Minh City Stock Exchange, to 6-7 years in prison; Tram Tuan Vu, former Vice Chairman of the Listing Council of Ho Chi Minh City Stock Exchange, to 6-7 years in prison; and Le Thi Tuyet Hang, former Director of the Management and Listing Appraisal Department and member of the Listing Council of Ho Chi Minh City Stock Exchange, to 3-4 years in prison, all for the crime of “Abusing Position and Power while Performing Official Duties.”
Defendant Le Cong Dien, former head of the Public Company Supervision Department of the State Securities Commission, was proposed to be sentenced to 36-42 months in prison, and Duong Van Thanh, former General Director of the Vietnam Securities Depository, was proposed to be sentenced to 24-30 months in prison, both for the crime of “Providing False Information or Concealing Information in Securities Activities.” The other defendants were proposed to be sentenced from 18 months to 13 years in prison.
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