Despite several defendants being escorted to court early, former FLC Group Chairman Trinh Van Quyet was once again absent as the appeals trial resumed on June 17.

Nguyen Duc Quyen and three others face legal action over land management irregularities tied to a high-profile FLC development.

The former FLC chairman’s wife has paid USD 55 million in compensation, potentially impacting his upcoming appeal.

Le Thi Ngoc Diep’s payout could sway upcoming appeal in Trinh Van Quyet’s trial.

Trinh Van Quyet and co-defendants will return to court on June 17 after repeated postponements due to health concerns.

The family of Trinh Van Quyet, former Chairman of FLC Group, has recently paid an additional VND 100 billion (approximately USD 4 million), bringing the total restitution to VND 1.072 trillion (around USD 42.8 million).

The court has delayed the trial to give the defendant time to address financial damages related to his high-profile stock manipulation case.

Trinh Van Quyet’s legal team has announced that his family has pledged to fully compensate the $100 million in damages related to his case, requesting additional time from the court.

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".

After the FLC President was arrested in March 2022, his assets, including super-cars and a yacht, were foreclosed by commercial banks and put into auction.

Trinh Van Quyet, the ex-chairman of FLC Group, stood before the court on July 29, delivering a final plea for a second chance while reflecting on his career's ups and downs and the serious repercussions of his actions.

In a significant legal development, the prosecutor has recommended a prison sentence of 24-26 years for the former Chairman of FLC Group, Trinh Van Quyet. The charges include fraud and market manipulation, underscoring the gravity of the case.

Former FLC Group Chairman Trinh Van Quyet, once the wealthiest man on the Vietnamese stock exchange, has declared that his personal assets, now frozen, are worth approximately 5,000 billion VND (over $197.5 million).

In a significant development in the FLC case, former Chairman Trinh Van Quyet and his sister Trinh Thi Minh Hue have admitted to all charges against them.

On the first day of the Trinh Van Quyet trial, only 30 out of 30,403 investors showed up, prompting concerns over how their absence might affect the case and their rights.

The trial of Trinh Van Quyet, former Chairman of FLC Group, and 49 other defendants began this morning, July 22, 2024, at the Hanoi People's Court.

Former FLC Chairman Trinh Van Quyet has paid an additional 23 billion VND ($906,000) towards remedying the consequences of his case.

By ballooning Faros’s capital by VND4.3 trillion and artificially pushing up the ROS share price, Trinh Van Quyet became the richest billionaire on the stock market, and his wife was once listed among the top 10 billionaires.

Trinh Van Quyet, considered the mastermind of a crime with assistance from accomplices, was charged with allegedly falsely inflating FLC stockholder equity from VND1.5 billion to VND4.3 trillion.