Trinh Van Quyet

Update news Trinh Van Quyet

How did Trinh Van Quyet become a billionaire?

Trinh Van Quyet, before being arrested for suspicion of stock market manipulation, became the richest Vietnamese businessperson after ROS shares rose from nearly zero to hundreds of thousands of dong per share.

Vietnamese billionaire’s gold-plated Rolls Royce, luxury yacht still unsold

The gold-plated Rolls Royce and luxury yacht that belonged to billionaire Trinh Van Quyet, who has been arrested for stock market manipulation, remain unsold after two auctions.

Trinh Van Quyet prosecuted for fraud

The Ministry of Public Security on August 25 launched criminal proceedings against Trinh Van Quyet, former Chairman of FLC Group, and three others on a charge of fraudulent appropriation of property.

Another sister of former FLC Group CEO arrested

Trinh Thi Thuy Nga, the sister of former FLC Group CEO Trinh Van Quyet, has been arrested by the Police Investigation Agency in a stock market manipulation case.

Watchdog agency tightens control over share trading

The cash flow into stocks of big companies is being strictly supervised.

Another detained on charge of stock market manipulation

The police decided to launch criminal proceedings against and detain Trinh Thi Minh Hue, a member of FLC Group's accounting department, for assisting Trinh Van Quyet on the charge of stock market manipulation.

Business news: corporations make changes in key personnel

Tran Kinh Doanh has resigned from his post on the board of directors of Mobile World (MWG), a major retailer.

Market violation cases on the rise despite fines

Although the current Securities Law includes severe penalties, the number of stock price manipulation cases is increasing, causing great damage to the market and frustration for investors.

Central Inspection Commission considers penalising SSC heads

Violations by the 2015-2020 State Securities Commission (SSC) Party Committee and its officials were found to have significant implications,

Watchdog agency punishes violators, ‘cleans’ stock market

Many stock market manipulation cases have been discovered, and violators have been heavily punished in an effort to make the market more transparent.

FLC Chair sees stock assets plunge following arrest

Among FLC-family shares, ROS shares saw the stock assets of FLC Chair Trinh Van Quyet climb to a peak and then fall.

Bamboo Airways chair arrested, CAAV to supervise the air carrier

On March 30, the Civil Aviation Authority of Vietnam had an urgent meeting with Bamboo Airways’ leaders following the arrest of Trinh Van Quyet, Chair of FLC Group and Chair of Bamboo Airways, who has been charged with stock market manipulation.

FLC Group has new chairman after Quyet’s arrest

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.

Stock market manipulation almost brought huge sum to FLC chairman

High-profile FLC Group chairman Trinh Van Quyet would have enjoyed illicit perks worth over VND530 billion if his sale of 74.8 million FLC shares had not been cancelled in January for his failure to disclose information prior to the transaction.

Many businessmen sentenced to jail in 2020 for stock market manipulation

In 2019, the Hanoi People's Court for the first time put a case of stock price manipulation to trial. Since then, many businessmen have had to pay a heavy price for their market manipulation.

Arrest of FLC Group Chairman: The aftershocks

The FLC ecosystem is not large in scale and has a small influence on the market. Bamboo Airways of FLC has insignificant impact, but it has been operating effectively.

Deputy CEO replaces Trinh Van Quyet to run FLC Group

After the Ministry of Public Security issued a decision to prosecute Mr. Trinh Van Quyet, Chairman of FLC Group yesterday, Quyet authorized Deputy General Director Vu Dang Hai Yen to replace his position in the group.

FLC Chairman Trinh Van Quyet arrested for 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, pending investigations into suspicion of stock market manipulation.

Police yet to confirm FLC Director’s detainment, travel ban

There is no official info on a travel ban imposed on the Chairman of the Board of Directors of FLC Group JSC as of March 28, said the Office of Investigating Police Agency under Vietnam’s Ministry of Public Security.


Trinh Van Quyet resigns from position at FLC Faros

Chairman of FLC Group Trinh Van Quyet decided to leave his position as chairman of FLC Faros as the subsidiary has been nosediving in the past years.