Ministry pledges to strictly punish violations related to stock, corporate bond markets

The Ministry of Finance has directed the State Securities Commission, the Accounting and Auditing Supervisory Department, and the Inspectorate of the Ministry of Finance to strengthen inspection and supervision over the implementation of regulations in auditing listed enterprises.

On April 5, the Ministry of Public Security decided to launch criminal proceedings against and detain Do Anh Dung, Chairman of the Tan Hoang Minh Group, on charges of "obtaining property by fraud".

A representative of the ministry said on April 6 that the recent wrongdoings in these markets related to FLC Group and Tan Hoang Minh Group are unfortunate cases, but the settlement shows the determination of the management agency to make these markets more transparent.

Any act that aims to manipulate stock and corporate bond markets to gain illicit profits will be punished strictly, the Ministry of Finance said.