Trinh Van Quyet, former Chairman of the Board of Directors of the real estate developer FLC Group JSC, on August 5 was sentenced to 21 years in prison for the charges of "fraudulent appropriation of property" and "stock market manipulation".

The Supreme People's Procuracy has recently issued an indictment prosecuting 51 defendants in the case of stock market manipulation related to the FLC Group Joint Stock Company.

The Civil Aviation Authority of Vietnam (CAAV) has held an urgent meeting with key leaders of Bamboo Airways to assess risks and ensure absolute flight safety after this carrier’s Chairman Trinh Van Quyet had been temporarily detained on the charge of stock market manipulation.

The Ministry of Public Security's Investigation Police Agency on March 29 decided to launch criminal proceedings against and arrest Trinh Van Quyet, Chairman of the FLC Group Joint Stock Company, pending investigations into suspicion of stock market manipulation.