19 more prosecuted in fraud case involving APAX Leaders English center chairman

Thuy served as board chairman and general director of Egroup Education Group JSC and Egame Investment and Distribution JSC.

He was also chairman of Apax Holdings JSC, the parent company of the controversial APAX Leaders English language center chain.

On Wednesday evening, the Department of Corruption, Economic and Smuggling Crime Investigation under the Ministry of Public Security announced that it is investigating a fraud and bribery case involving Egroup, Egame, Nhat Tran Trading Service JSC, and other related entities.

As the investigation expands, authorities have issued arrest warrants and initiated legal proceedings against 19 individuals, including Pham Thi Ngoan, Nguyen Van Son, Nguyen Trong Vu, Dinh Thi Phuong Theu, Do Thi Hong Nhung, Nguyen Trong Quynh, Nguyen Thi Quynh, Doan Thi Minh Duc, Nguyen Quynh Chi, Vu Thi Thu Hien, Do Thi Khanh Huyen, Doi Thi Tam, Quach Minh Phuong, Nguyen Huu Xuan, Nguyen Khanh Toan, Le Chi Dung, Le Thanh Son, Pham Duc Hanh, and Ha Van Tai (a sales team leader at Egame).

The Supreme People's Procuracy has approved the above decisions.

The Department of Corruption, Economic and Smuggling Crime Investigation is calling on all organizations, individuals, and businesses involved in the case to voluntarily come forward, report, and help address damages to be eligible for leniency under criminal policy provisions.

Previously, the department had also prosecuted Thuy's younger sister, Nguyen Thi Dung, his younger brother, Nguyen Van Son, and Nguyen Trong Vu, the husband of Dung and 20 others on fraud-related charges.

In March 2024, Thuy was arrested for his alleged involvement in asset misappropriation linked to Egroup and Egame.

In August, the Ministry of Public Security issued a nationwide call for victims of the scheme to come forward.

According to investigators, from 2015 to 2023, Thuy and his accomplices solicited capital by selling non-existent shares in Egroup, defrauding investors out of substantial sums.