HCMC bourse leaders complicit in real estate tycoon’s $144 mln fraud: prosecutors

HCMC bourse leaders complicit in real estate tycoon’s $144 mln fraud: prosecutors

Former Ho Chi Minh Stock Exchange (HoSE) chairman Tran Dac Sinh and subordinates enabled former FLC Group chairman Trinh Van Quyet misappropriate VND3.6 trillion ($144.3 million) from investors, prosecutors said Tuesday.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

State Securities Commission official turns blind eye to FLC chairman’s violations for fear of job loss

State Securities Commission official turns blind eye to FLC chairman’s violations for fear of job loss

State Securities Commission (SSC) official Le Cong Dien has admitted he spotted multiple problems while checking the capacity profile of Faros Construction JSC - a member of FLC Group - but did not dare to reject its listing application as he was afraid his job could be affected.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC bourse leaders complicit with FLC chairman appropriating $146 mln

HCMC bourse leaders complicit with FLC chairman appropriating $146 mln

Former chairman of the Ho Chi Minh City Stock Exchange (HoSE) Tran Dac Sinh and three other officials helped then chairman of real estate developer FLC Group Trinh Van Quyet to list shares on the bourse, appropriating VND3.6 trillion ($146 million) from investors.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

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