The above information was released by Apax English Joint Stock Company (a unit under Egroup Education Group Joint Stock Company) on March 26. The unit will temporarily suspend the confirmation and payment of tuition debt to parents. The unit also temporarily suspended tuition refunds until there is a conclusion from the police investigation related to Shark Thuy.
“Apax wishes to receive the understanding and companionship of parents,” the announcement clearly stated.
Also according to the announcement, Shark Thuy's arrest does not affect the operation and teaching activities at Apax's currently open English centers such as: Centers in Hoang Dao Thuy (Hanoi), Cam Pha, Uong Bi (Quang Ninh), Le Hong Phong (Hai Phong), Ha Nam, Vinh Phuc, Hung Yen, Ha Tinh, Thanh Hoa.
Shark Thuy was arrested, Apax Leaders announced to stop refunding tuition. (Illustration photo: AP)
Currently, Ms. Nguyen Thi Dung, a member of the Board of Directors of Egame Company, a member of the Board of Directors of Egroup, temporarily runs the group.
On the same morning, Mr. Nguyen Ngoc Thuy, Chairman of Egroup Education Group Joint Stock Company (also known as Shark Thuy) was prosecuted and detained for fraudulent appropriation of property.
Apax Leaders is a chain of English teaching centers for children under the Egroup ecosystem founded and run by Mr. Nguyen Ngoc Thuy. Since the end of 2022, many parents in Hanoi, Ho Chi Minh City, Dak Lak, and Da Nang have complained because many centers are closed, the quality of teaching is not as promised, "holding money and abandoning customers" and demanding Tuition refund.
In June 6, the Department of Education and Training of Ho Chi Minh City released statistics, Apax English Joint Stock Company is teaching about 2023 children in the city, of which 11.295 students are studying directly, more than 839. Students reserved their results and more than 839 students asked to withdraw their fees.
The amount of tuition that must be returned to parents is more than 108 billion VND. Of which, Apax paid more than 14 billion VND and still owed more than 93 billion VND.
In addition, the unit still owes teachers and staff salaries until February 2 of more than 2023 billion VND and rent of 11 billion VND.
Apax side once proposed a plan from January 1 to December 2025, each quarter paying 12 million VND, equally divided among parents until completed. The remaining debt is carried forward to the next year. From January 2025, each quarter will be paid 4 million VND until the end.
