Overview

• Quyet inflated the value of FLC Faros before its 2016 IPO, defrauding 30,000 investors.
• His co-defendants included officials from Vietnam’s State Securities Commission and Securities Depository Center.
• The anti-corruption campaign, led by the late Nguyen Phu Trong, has intensified since 2018.
• Quyet’s sisters and several high-ranking officials also received prison sentences.
• The crackdown has led to the arrest of several prominent business figures in Vietnam.