Four businessexecs arrested on charges of stock market manipulation 16:19 Ministry of Public Security investigators have arrested four more business executives on alleged charges of stock market manipulation. A
statement issued today on the ministry’s website said Do Thanh Nhan, chairman
of Louis Holdings Group, Do Duc Nam, CEO and board member of Tri Viet
Securities Corp, Le Thi Thuy Lien, financial services executive of Tri Viet
Securities, and Trinh Thi Thuy Linh, managing director of Louis Holdings
Group, are in police custody. The
four are accused of manipulating the stock market for illegal gains. A combination photo of Do Thanh Nhan (L), chairman of Louis Holdings Group, and Do Duc Nam, CEO and board member of Tri Viet Securities Corp - PHOTO: MPS A combination photo of Trinh Thi Thuy Linh (L), managing director of Louis Holdings Group, and Le Thi Thuy Lien, financial services executive of Tri Viet Securities – PHOTO: MPS Lieutenant General To An Xo,
spokesperson of the Ministry of Public Security (MPS), told the local media
that Do Duc Nam had colluded with Do Thanh Nhan and others over a period of
nine months (from January 4 to October 6, 2021) to use multiple stock trading
accounts to buy and sell shares of Louis Capital, Louis Land and some other
firms to manipulate their prices. Do
Thanh Nhan is also a board member of Louis Capital (stock code: TGG) and
Louis Land (stock code: BII). This
illegal trading practice earned them hundreds of billions of Vietnam dong. In
mid-March, Louis Holdings was fined and suspended from stock trading for two
months because of its undisclosed purchases of shares of its subsidiaries. Saigon
Times |
Không có nhận xét nào:
Đăng nhận xét