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Update news stock market violation
CEO Nguyen Do Lang and Board Chairman Pham Duy Hung of Asia-Pacific Securities Joint Stock Company (APEC Securities) have been detained on charges of stock market manipulation.
Tan Viet Securities Joint Stock Company (TVSI) will be partially halted from trading on the stock market starting on June 27, said The Vietnam Securities Exchange (VNX).
Vietnamese authorities have launched investigations into allegations of market manipulation and securities fraud involving FLC Group and Apec stocks, resulting in criminal proceedings against key individuals.
Ministry of Public Security investigators have arrested four more business executives on alleged charges of stock market manipulation.
The Investigation Police Agency has sent a document to eight banks requesting them to provide information to serve the investigation of the act of stock market manipulation against Trinh Van Quyet.
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.
Investigators of the Ministry of Public Security on April 5, arrested the chairman of Tan Hoang Minh Group and six senior executives of Tan Hoang Minh-affiliated companies on alleged fraud charges.
The State Securities Commission has decided to cancel nine separate bond issuances worth over 437 million USD by subsidiaries of property developer Tan Hoang Minh Group because they submitted false information.
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.