Shark Nguyễn Ngọc Thủy, Chairman of the Board and CEO of Egroup Education Group JSC and Egame Investment and Distribution JSC.
According to the Ministry of Public Security, on August 27, the C03 Department of Investigation of Corruption, Economic, and Smuggling-related Crimes (Ministry of Public Security) issued a second notice to find victims related to Mr. Nguyen Ngoc Thuy, also known as Shark Thuy (42 years old, Chairman and CEO of Egroup Education Group JSC and Egame Investment and Distribution JSC).
The investigation results so far have determined that, from 2015 to 2023, the accused, Nguyen Ngoc Thuy, and his accomplices used the legal entity Egame Company to commit fraudulent acts in using non-existent Egroup Group shares to raise capital. The transaction forms used by Thuy to raise capital include: selling shares for cash or bank transfers; selling shares in exchange for real estate; borrowing money from investors with Egroup Group share ownership as collateral.
The C03 Department has identified these investors as victims in the case. Therefore, to ensure their rights, the investigating agency requests those who have not yet come forward, reported, or provided information, files, or documents related to the purchase, lending, or collateralization of Egroup Group shares to contact the C03 Headquarters at 47 Pham Van Dong, Cau Giay District, Hanoi, for guidance.
Previously, the C03 Department received complaints from numerous investors accusing Mr. Thuy of appropriating assets through the transfer of Egroup Education Group JSC shares. In addition to this offense, in 2023, the Ho Chi Minh City Public Security also verified hundreds of denunciations from parents, stating that Apax Leaders English JSC had “appropriated tuition fees” amounting to VND 6 billion.
On March 26, “Shark” Thuy and Mr. Dang Van Hien (Head of Investor Relations of Egame Investment and Distribution JSC) were arrested by the Ministry of Public Security on charges of appropriating assets.
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