Another supercar of Mr. Trinh Van Quyet was auctioned by the bank.

Orient Commercial Joint Stock Bank (OCB) has just announced the selection of an organization to auction assets. Accordingly, the auctioned asset is a Rolls-Royce car, Phantom 4 seats, red color. The car was first registered in 2015. This is the collateral for the loan of FLC Land Company.

The starting price for this collateral is VND 28,025 billion, excluding taxes and fees (if any).

A supercar of Mr. Trinh Van Quyet is for sale.

Previously, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) Quy Nhon branch also announced the seizure of assets securing the debt of FLC Faros Construction Joint Stock Company (ROS) under FLC Group, which is a 5-seat Rolls-Royce car.

ROS shares were delisted from HoSE due to serious violations of information disclosure.

Both Rolls-Royce cars were auctioned off by banks to recover debts and were known to be the vehicles of Mr. Trinh Van Quyet before he was temporarily detained for the crimes of stock market manipulation and fraud.

According to OCB's financial management report for the first 6 months of the year, this bank has issued many resolutions on accepting real estate as collateral to replace debt repayment obligations of many businesses, including FLC.

Specifically, there are 97 condotels and 81 hotel rooms at the Grand Hotel in Thanh Hoa province to replace debt repayment obligations to FLC Flaros Construction Joint Stock Company and related customers.

Other real estate assets of the FLC group received by OCB include land plot No. 560 in Vinh Phuc province to replace the debt repayment obligations of FLC Travel JSC, FLC Land LLC and Tre Viet Aviation JSC. Fusion resort villas (67 units) and Courtyard Bungalow (102 units) in the FLC Thanh Hoa eco-tourism urban area to partially replace the debt repayment obligations of Tre Viet Aviation JSC...

According to Laborer