According to the decision by the Hanoi People's Court, former Chairman of FLC Group, Trinh Van Quyet, along with 49 other defendants, will stand trial on July 22 for their criminal actions.

In connection with this case, more than 200 individuals assisted Trinh Van Quyet in his criminal endeavors. These individuals include his brother-in-law, relatives, acquaintances, legal representatives, employees within the FLC ecosystem, and associated companies.

According to investigation documents, BOS Securities Corporation (formerly known as FLC Securities Corporation) was established in 2008 with a registered capital of VND 135 billion, and Trinh Van Quyet was one of the five founding shareholders. In 2014, it was renamed Artex Securities Corporation, and in 2019, it became BOS Securities Corporation.

The Board of Directors of BOS Securities Corporation included Le Ba Nguyen (Trinh Van Quyet's brother-in-law), along with other members Chu Tien Vuong, Nguyen Quynh Nga, and Tong Hai Ninh.

The investigation revealed that Le Ba Nguyen, Nguyen Quynh Nga, and Tong Hai Ninh did not contribute capital but were listed as board members by Trinh Thi Thuy Nga, Trinh Van Quyet's sister and Chief Accountant of FLC Group, who also served as a Board Member and Deputy General Director of BOS Securities Corporation.

Although not actively participating in board meetings, Le Ba Nguyen signed the minutes of two crucial meetings on January 20, 2020, and April 28, 2020. These minutes facilitated the issuance of resolutions that allowed Trinh Thi Thuy Nga to manipulate stock accounts controlled by Trinh Thi Minh Hue, another of Quyet's sisters.

The investigation did not find evidence that Le Ba Nguyen, Tong Hai Ninh, and Nguyen Quynh Nga were aware of or consented to the fraudulent activities directed by Thuy Nga. They claimed they were unaware of the reports or the actual purposes behind the board's resolutions.

The Supreme People's Procuracy stated that Le Ba Nguyen, Nguyen Quynh Nga, and Tong Hai Ninh's actions did not constitute a criminal offense as they did not directly manage or oversee the activities at BOS Securities. They were not privy to the internal reports or discussions that led to the fraudulent issuance of stock accounts.

While these individuals will not face criminal charges, the Procuracy recommends administrative actions against them for their involvement.

The investigation also revealed that 23 employees within the FLC ecosystem, who were relatives and acquaintances of Trinh Van Quyet, facilitated Trinh Thi Minh Hue in manipulating the stock market. They lent their identification documents to open stock and bank accounts, which were then controlled by Minh Hue to manipulate the market and generate illegal profits for Trinh Van Quyet.

Considering the nature and extent of their participation and the fact that they did not benefit financially, these individuals will not face criminal charges.

Additionally, 188 individuals associated with asset appropriation fraud, including legal representatives and employees within the FLC ecosystem, signed documents that enabled Minh Hue to inflate capital at Faros Company and list ROS shares on the stock exchange. Given their non-beneficial involvement, they too will not be subject to criminal prosecution.

T. Nhung