Information at the press conference of the Ministry of Public Security on the morning of March 26, Lieutenant General To An Xo (Spokesperson of the Ministry of Public Security) said that the Police Investigation Agency had prosecuted the defendant and temporarily detained Mr. Nguyen Ngoc Thuy (Chairman of the Ministry of Public Security). President of EGroup Education Company, aka Shark Thuy), Dang Van Hien (Head of Investor Relations of EGame Company) on the charge of fraudulent appropriation of property.
Shark Thuy was prosecuted for fraudulent appropriation of property.
Nguyen Ngoc Thuy was born in 1982 in Hanoi, is the Chairman of Egroup and is currently the General Director of Apax English Joint Stock Company.
He is known to many as a businessman who dropped out of college and built a trillion-dollar corporation from scratch. Shark Thuy is one of the "powerful" guests on the show Billion dollar deal – Shark Tank Vietnam as the main investor.
By 2023, Shark Thuy was suddenly accused by many people of fraudulently appropriating trillions of dong through various types of contracts in the form of deposits.
In addition, Mr. Thuy's system of Apax Leader English centers also encountered "scandals". Parents of this center reported being asked to pay tuition in advance, but after a while, the centers suddenly closed or switched to online teaching.
