Quynh was arrested on April 13. (Photo: the police)Hanoi (VNA) - A Facebook account owner in Hanoi was sentenced on October 27 totwo years in prison for posting false information that affected businesses and harmed the stock market.
Dang Nhu Quynh, 42, was found guilty of “abusing the rights to freedom and democracyto violate interests of the State, rights and legitimate interests oforganisations and individuals” under Article 331 of the Penal Code, by the People’s Court of Nam Tu Liem district.
According to the indictment, since 2019, Quynh has used his personal Facebook accountto post his own writings or share unverifiedinformation online. ByApril 2022, the account had over 300,000 followers.
On April 2, after learning that several businessleaders in the finance and real estate sectors were arrested, Quynh posted thatDo Anh Dung, chairman of property developer Tan HoangMinh, has been dealt with by the law.
After authorities issued official announcements on the issue on April 5, Quynhedited his posts to make readers believe that he already knew that information.
He also posted information that Nguyen Van Tuan -Chairman of the Board of Directors cum General Director of Gelex Group JSC, whois also Chairman of the Board of Directors of Viglacera Corporation, has also been under investigation. OnApril 6, Quynh made two posts about the chairman, along with his pictures,claiming he will be arrested.
The posts went viral, and forthe six subsequent days, the companies’ stocks were sold in large numbers, making their value plunge, causing panic among investors.
Quynh was arrested on April 13./.
