Vietnamese billionaire tycoon found guilty of defrauding stockholders, sentenced to 21 years
- The Hanoi People’s Court sentenced Trinh Van Quyet to 21 years in prison after a trial involving 49 defendants, as reported by VN Express.
- Quyet was found guilty of inflating the value of FLC Faros by reporting fictitious capital contributions before its 2016 public offering.
- The initial public offering sold 391 million shares to about 30,000 investors, defrauding them of 3.6 trillion Vietnamese dong, about $144 million.
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Total News Sources0
Leaning Left2Leaning Right5Center9Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
13%
C 56%
R 31%
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