Vietnamese Tycoon's Jail Term Reduced in US$146 Million Stock Fraud

Vietnamese tycoon’s jail term cut to seven years in US$146m stock fraud case

HANOI, June 26 — A Vietnamese appeal court on Thursday slashed a former property and aviation tycoon’s jail sentence in a US$146 million (RM617 million) fraud and stock market manipulation case from 21 years to seven. Trinh Van Quyet, who owned the FLC empire of luxury resorts, golf courses and budget carrier Bamboo Airways, was given the lengthy jail term in August after a trial. Quyet and 49 others including his two sisters and four stock exch…

Vietnamese tycoon’s jail term reduced in $186.2 million stock fraud case

The ruling comes after the tycoon’s family paid nearly US$96 million in compensation for the losses. Read more at straitstimes.com.

Vietnamese tycoon's jail term reduced in US$146 million stock fraud

HANOI: A Vietnamese appeal court on Thursday (Jun 26) slashed a former property and aviation tycoon's jail sentence in a US$146 million fraud and stock market manipulation case from 21 years to seven. Trinh Van Quyet, who owned the FLC empire of luxury resorts, golf courses and budget carrier Bamboo Airway

Vietnamese tycoon’s jail term reduced in $146 million stock fraud

HANOI: A Vietnamese appeal court on Thursday slashed a former property and aviation tycoon’s jail sentence in a $146 million fraud and stock market manipulation case from 21 years to seven. Trinh Van Quyet, who owned the FLC empire of luxury resorts, golf courses and budget carrier Bamboo Airways, was given the lengthy jail term in August after a trial. Quyet and 49 others

Vietnamese tycoon’s jail term reduced in US$146mil stock fraud

Its ruling comes after Trinh Van Quyet’s family paid nearly US$96 million in compensation for the losses.