Chairman of Egroup Education Group - Shark Thuy was detained for investigation

Mr. Nguyen Ngoc Thuy (also known as Shark Thuy) - General Director of Apax English Joint Stock Company was prosecuted and detained. It is known that this 'shark' has been deeply in debt in recent years, deferring bonds, owing teachers' salaries and student tuition.

On the morning of March 26, according to information from the Ministry of Public Security, the Police Department investigating crimes related to corruption, economics, and smuggling (C03) is verifying and resolving applications from many investors denouncing Mr. Nguyen Ngoc Thuy. (Shark Thuy) appropriated assets through the transfer of shares of Egroup Education Group Joint Stock Company.

Based on the results of the investigation, on March 21, the Police Investigation Agency of the Ministry of Public Security issued a decision to prosecute a criminal case that occurred at Egroup Education Group Joint Stock Company, Investment and Distribution Joint Stock Company. coordinate Egame

Next, on March 22, the Investigation Police prosecuted the defendant, and issued an arrest warrant for the defendant to temporarily detain: Nguyen Ngoc Thuy, Chairman of the Board of Directors, General Director of Egroup Education Group Joint Stock Company, and Investment and Development Joint Stock Company. distributes Egame; Dang Van Hien, Head of the Investor Relations Department of Egame Investment and Distribution Joint Stock Company, was also charged with the crime of "Fraudulent appropriation of property" prescribed in Clause 4, Article 174 of the 2015 Penal Code, amended and supplemented in 2015. 2017.

Apax Leaders is a chain of English teaching centers for children under the Egroup ecosystem of Mr. Nguyen Ngoc Thuy.

Recently, there has been a controversy at Apax Leaders English Centers across the country related to tuition issues. In Ho Chi Minh City, Apax Leaders held dialogues and meetings with parents three times with the purpose of apologizing, announcing center restructuring and refunding tuition.

Faced with this situation, many citizens residing in Hanoi City submitted a petition to the People's Petitions Committee of the National Assembly Standing Committee to present and denounce Mr. Nguyen Ngoc Thuy. The plaintiffs said they had a complaint accusing Mr. Thuy of appropriating the amount of over 226 billion VND. From 2017 to 2022, through the introduction of friends and acquaintances, the plaintiff group learned that Shark Thuy wanted to mobilize investment capital for Egroup with an attractive interest rate of 15%/year.

Because he believed in Nguyen Ngoc Thuy's reputation and prestige through the Apax English system and the program "Billionaire Business - Shark Tank" on VTV3, he paid Nguyen Ngoc Thuy up to several hundred billion dong.

Currently, a number of representatives of parents demanding a refund of tuition fees paid to Apax Leader English centers but whose children have not yet attended or are in the middle of studying have also filed a collective application with more than 230 parents to the Department of Education. -The Department and the Ho Chi Minh City Police Department denounced Mr. Nguyen Ngoc Thuy.

After the Supreme People's Procuracy approved, on March 25, the Police Investigation Agency of the Ministry of Public Security implemented the above decisions and orders. The investigation agency is continuing to thoroughly investigate, expand the case and apply legal measures to recover assets.

Shark Thuy was born in 1982 in Hanoi. According to the introduction, Shark Thuy has not yet completed her university degree. He dropped out when he was a university student and pursued his career path from a very young age.

For many years, Mr. Nguyen Ngoc Thuy became famous in the investment world when he participated in Shark Tank Vietnam for the first 3 seasons and was nicknamed Shark Thuy.

During his participation, Mr. Nguyen Ngoc Thuy always kept the golden ratio of Shark Tank with the offer to invest in 9 companies on television, of which 8 companies were invested with a total investment of up to 74 million VND. billions dong.

It is known that in 2008, he founded Egame company, the predecessor of Egroup Group, which has been developing for 14 years now. After that, he built the "educational ecosystem" Egroup with a chain of subsidiary companies developing education, health, and information.

During this period, Mr. Thuy succeeded with many educational projects, typically the Apax English and Apax Leaders English chains.

In just 4 years, the outstanding development of the Apax brand has changed the face of the English education market with more than 100 centers, 800 native teachers and 75,000 students nationwide.

Shark Thuy - a "shark" that doesn't have a college degree, but contributes to improving education Phong Trần1 year agoBefore being detained, Mr. Nguyen Ngoc Thuy was a famous businessman, especially in the field of education. Famous after sitting in the Shark Tank hot seat and investing in dozens of multi-billion dollar deals, Shark Thuy is bogged down with the empire he built.