"Shark" Nguyen Ngoc Thuy arrested

Nguyen Ngoc Thuy, commonly known as "Shark" Thuy and serving as the Chairman of Egroup, faces

Thuy (42 years old, Chairman of the Board, CEO of Egroup Education Corporation, Egame Investment and Distribution Joint Stock Company, and Apax Leaders English Joint Stock Company) along with Dang Van Hien (Head of the Shareholders Relations Committee of Egame Investment and Distribution Joint Stock Company) were detained by the Ministry of Public Security on March 25th.

Previously, the Criminal Investigation Department for Corruption, Economic Crimes, and Smuggling (C03, Ministry of Public Security) received complaints from numerous investors, alleging that Thuy

The Ministry of Public Security's investigation continues to broaden, employing legal measures to recover assets. "To ensure the rights of the victims, the investigative agency requests individuals who purchased shares from Mr. Thuy's company, and still have outstanding debts, to promptly provide documents and records to facilitate the investigation," stated Major General To An Xo at the press conference held by the Ministry of Public Security this morning.

In addition to the current allegations, in 2023, the Ho Chi Minh City Police Department initiated an investigation into hundreds of complaints from parents who claimed to have been "defrauded of tuition fees" amounting to approximately 6 billion dong by the Apax Leaders English Joint Stock Company. In their complaints, they stated that they had paid hundreds of millions of dong for English courses at Apax Leaders for their children, but the children did not receive any education as the center had closed down and they were unable to reclaim their money.

VOCAB 1/2

accusations of embezzlement

cáo buộc tham ô

deceived and misappropriated assets

lừa đảo, chiếm đoạt tài sản