Searching the company headquarters and private home of Mr. Trinh Van Quyet

The investigation agency conducted a search and served the decision to prosecute Mr. Quyet at the headquarters of FLC Group - Photo: CHI TUE

The search warrants were carried out by the Investigation Agency (C01) after approval by the Supreme People's Procuracy. On the evening of March 29, at the headquarters of FLC Group Corporation in Cau Giay District, Hanoi, the working group of the Investigation Agency and the Procuracy served the decision to prosecute Mr. Trinh Van Quyet.

Accordingly, the Investigation Agency initiated an investigation into the Chairman of FLC Group for the crime of "manipulating the stock market", stipulated in Article 211 of the Penal Code.

The investigation agency searched the headquarters of FLC Group on the evening of March 29 - Photo: CHI TUE

At around 6:00 p.m., a working group of the Investigation Agency arrived at the headquarters of FLC Group and began conducting a search.

At the same time, another working group was also present at Mr. Quyet's private home in My Dinh 2 urban area, My Dinh 2, Nam Tu Liem, Hanoi to conduct a search.

According to records, at around 6:20 p.m., a white-plate car and a blue-plate car along with a number of police officers were present at the private residence of Mr. Trinh Van Quyet.

At around 6:40 p.m., the car and the working group left. At this time, there were quite a few people in plain clothes around Mr. Quyet's house. Some of the people in plain clothes here asked the reporter not to take pictures.

At the same time as searching the company, a working group of the Investigation Agency also searched Mr. Quyet's private home - Photo: DANH TRONG

Earlier on March 29, the Ministry of Public Security's Investigation Agency issued a decision to prosecute the case and prosecute Mr. Trinh Van Quyet, Chairman of the Board of Directors of FLC Group Corporation, to investigate the crime of stock market manipulation.

The investigation agency has applied measures to arrest the suspect for temporary detention, and at the same time issued a search warrant for the residence and workplace of FLC Chairman Trinh Van Quyet to serve the investigation.

The Supreme People's Procuracy has approved the above decisions and orders.

At 6:50 p.m., a black-blue car carrying officials from the Procuracy arrived and entered Mr. Quyet's private home - Photo: DANH TRONG

The Ministry of Public Security's Investigation Police Agency said it had investigated and verified with Mr. Trinh Van Quyet and individuals from FLC Group Corporation, BOS Securities Corporation and related companies about the acts of "manipulating the stock market" and "concealing information in securities activities" that occurred on January 10, causing serious damage to investors and affecting the operation of the Vietnamese stock market.

The above behavior of Mr. Trinh Van Quyet is sufficient to constitute the crime of "manipulating the stock market", stipulated in Article 211 of the Penal Code.

At 7:20 p.m., the police force was still conducting a search at the FLC Group headquarters. Some additional police officers and traffic police were mobilized to ensure security and order - Photo: CHI TUE

Based on the above grounds, on March 29, the Ministry of Public Security's Investigation Police Agency issued a decision to initiate criminal proceedings, decisions to prosecute the accused, and an order to temporarily detain Mr. Trinh Van Quyet. At the same time, the Investigation Agency also conducted searches of the residences and workplaces of 21 locations of related subjects.

FLC Chairman Trinh Van Quyet has been banned from leaving the country for one month by the investigation agency. The decision was issued by the investigation agency on March 26.

According to Tuoi Tre