Reopening the appeal trial of former FLC Chairman Trinh Van Quyet and his sisters

According to the decision of the High People's Court in Hanoi, on March 25, defendant Trinh Van Quyet, his sisters and related defendants will be brought to trial under the appeal procedure. Judge Vo Hong Son will preside over the trial.

Previously, at the end of December 2024, the High People's Court in Hanoi brought the case of "Stock market manipulation" and "Fraudulent appropriation of property" occurring at FLC Group Corporation to trial under the appeal procedure, but the trial had to be postponed.

Although he filed an appeal to reduce his criminal liability, Mr. Trinh Van Quyet (former Chairman of FLC Group) was not present at the court hearing that day because he was being treated as an inpatient at the Tuberculosis Department with a diagnosis of bronchial asthma, pulmonary tuberculosis, allergy to tuberculosis drugs, coughing up blood due to tuberculosis, hepatitis, kidney failure due to tuberculosis drugs, gastritis, and digestive disorders due to tuberculosis drugs.

At that time, a representative of the T16 detention camp said that the defendant was having difficulty breathing and was being given oxygen. His kidney failure, hepatitis, and tuberculosis drug allergy required close monitoring, treatment, and active monitoring at the hospital.

In the request to postpone the trial at that time, Mr. Trinh Van Quyet stated that: For the remaining amount of money, the defendant will use the money/assets to support from brothers, relatives, friends, plus the value of the defendant's assets currently being seized and frozen in this case, which is enough to overcome all the consequences of the case.

However, among the assets that need to be handled to remedy the consequences of the case, there are some assets owned by the defendant that are being seized, frozen, and restricted from trading.

According to Mr. Quyet's presentation, the defendant's wife also submitted a petition to the Court to consider the basis of Resolution No. 164/2024/QH15 dated November 28, 2024 of the National Assembly on Piloting the handling of evidence and secured assets during the investigation, prosecution and trial of a number of criminal cases to issue a decision to apply measures to purchase, sell and transfer all assets that have been seized, detained, seized and frozen during the case settlement process so that the defendant has money to remedy the consequences.

Defendant Trinh Van Quyet also pledged in the petition that he would voluntarily use all the money collected from the disposal of the above assets to remedy the consequences of the case. “In addition to the assets that are being seized above, I also have other legal assets of my family and relatives that are in the process of being sold and transferred, which will also be used to remedy my situation,” defendant Quyet stated in the petition.

Previously, in early August 2024, the Hanoi People's Court sentenced defendant Trinh Van Quyet to 18 years in prison for "Fraudulent appropriation of property" and 3 years in prison for "Stock market manipulation", with a total sentence of 21 years in prison. To date, defendant Trinh Van Quyet has compensated more than 600 billion VND.

More than 20 defendants have filed appeals. Among them, the two younger sisters of defendant Trinh Van Quyet, Trinh Thi Minh Hue and Trinh Thi Thuy Nga, also appealed for a reduction in criminal liability, and at the same time requested the Court of Appeal not to force the defendant to compensate or remedy the consequences.

In addition, a total of 135 victims and 384 related people also filed appeals.