Apax Leaders Founder Indicted in $327M Fraud Case
Nguyen Ngoc Thuy, former chairman and CEO of Egroup Education Group, has been indicted on charges of fraud and bribery involving over VND8.459 trillion ($327 million). The case, which has over 10,000 victims, will be tried by the Hanoi People's Court, with the alleged appropriated amount significantly increasing from initial indictments.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Scam Apps Promising High Earnings for Video Views Proliferate in Vietnam
Scam apps promising high earnings for watching videos are rapidly increasing in Vietnam. They lure users with initial bonuses, then impose unfair conditions or demand external app installations for withdrawals. Victims lose time and money, and face device security risks.
- Vietnamese National Leads High-Interest Loan Ring in Hong Kong, Dismantled
Hong Kong police have busted an illegal high-interest loan operation led by a Vietnamese national. The ring allegedly lured victims through social media and charged exorbitant interest rates. Related investigations may extend to Vietnam.
- Vietnam People's Army Discusses Cultural Institution Network Development Plan Towards 2045
The Central Military Commission of the Vietnam People's Army convened to discuss a development plan for its cultural institution network, targeting the period from 2026-2030 with a vision towards 2045. The Minister of National Defense emphasized efficiency, digitalization, and consolidation for museums and cultural centers.
- Former Dai Tin Bank Executive Indicted While Fugitive, Economic Crime Probe Continues
Vietnam's Supreme People's Procuracy has indicted Hứa Xường, a former board member of Dai Tin Bank, for intentionally violating state regulations on economic management causing serious consequences. The defendant fled to the US in 2017 and has not returned, leading to his indictment while a fugitive.