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Wednesday, May 18, 2022

Police start probe into FLC chairman

The Saigon Times

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HCMC – Investigators of the Ministry of Public Security have launched an investigation into the high-profile FLC chairman, Trinh Van Quyet, aged 47.

A representative of the ministry’s Investigative Police Agency said on March 28 that the agency was working with Quyet to verify some relevant information and issues.

The representative also said that the agency was verifying a rumor spreading on social media that an order was issued on March 26 to prevent Quyet from traveling abroad over a period of one month, the local media reported.

As planned, Quyet would be attending the Vietnam Investment Forum in London on March 30 and speak at the end of the forum in his capacity as Bamboo Airways chairman. A roadshow introducing FLC’s ecosystem would also be organized there on the same day.

Quyet holds a large volume of shares and is one of the richest investors on Vietnam’s stock market.

Stocks in the FLC family started the trading session today, March 29 on a low note as recent bad news about the FLC chairman affected investor sentiment.

One hour after the beginning of the session, over 83 million FLC shares were registered for sale at the lowest price, while investors also registered to sell 63.2 million ROS shares and 13.9 million AMD shares at their floor prices.

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