(Hanoi Composite Electric) Zheng Wen, former chairman of Vietnamese real estate developer FLC Group, made a crime of fraud and controlling the stock market.21 years in prison.
On Monday (August 5th), Trinh Van Quyet was the leader of the scam, so he sentenced him to the heaviest punishment.
According to the court documents, 48 -year -old Zheng Wenzan set up a number of stock brokerage companies to purchase stocks in a large number in the name of dozens of family members to make up the stock price, cancel the order before the transaction is completed, and make the stock price to earn the stock price to earn earns the stock price to earn earns the stock price earning.Take thickness.
From 2017 to 2022, he illegally made more than $ 146 million, and a total of 25,000 people were deceived.
VNEXPRESS reported that Zheng Wenzan said in the final statement of the court that he had dreamed of changing the lives of Vietnamese by the construction of resort and housing, thereby changing the community, but in the process, he "did some illegal illegal legality"He said, "What I do will trouble me for a lifetime."
According to Vietnamese state -owned media estimates, Zheng Wenzan had a luxury resort, golf course, and Vietnam cheap air Air Takevant, a subsidiary of FLC Group.Before he was arrested, he held nearly $ 2 billion (about S $ 2.7 billion) in stock market wealth.
There are 50 defendants in this case, including two sisters of Zheng Wenzan, Chen Wenyong, chairman of the Vietnam National Securities Committee, and Li Haicha Cha, general manager of Ho Chi Minh City Stock Exchange.
In recent years, the Vietnamese government has severely crackdown on corrupt officials and business elites.Since 2021, more than 4,400 people have been charged with more than 1,700 corruption cases, including Vietnamese beverage tycoon, Chen Guiqing, chairman of Xinxiefa Group, and his two daughters. They were accused of misappropriating $ 31.5 million.
In April this year, Zhang Meilan, the richest man in Vietnam and the chairman of Vietnamese real estate developer Wan Shengfa Group, was charged with more than $ 12 billion and was sentenced to death and was sentenced to death.This is the largest financial fraud in Vietnam.
