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Investor punished for manipulation

Update: March, 11/2013 - 10:03

HA NOI (VNS)— The State Securities Commission has fined Pham Tanh, an investor from the central province of Quang Ngai, VND250 million (US$11,900).

He was found to use five different accounts to manipulate the share price of Luong Tai Construction and Investment Co (LUT).

The commission found no illegal revenues from the manipulation within the company. — VNS


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