Vietnam's Apax Leaders branch linked to ‘Shark Thuy’ owes $630,000 in taxes amid $323mn fraud case

A Ho Chi Minh City branch of Apax Leaders has accumulated a tax debt exceeding VND16.5 billion, which translates to approximately US$630,000. This entity is part of the educational group associated with Vietnamese businessman Nguyen Ngoc Thuy, widely known as ‘Shark Thuy’. The outstanding tax amount adds to the financial and legal challenges faced by Thuy, who is currently embroiled in a significant fraud case. The fraud allegations involve a sum of $323 million, drawing considerable public and regulatory attention. Apax Leaders is one of several educational ventures under Thuy's purview, and this tax liability underscores the broader issues surrounding his business operations. Authorities are continuing investigations into the various debts and accusations linked to Nguyen Ngoc Thuy and his affiliated companies.

Key points
* An Apax Leaders branch in HCMC owes over VND16.5 billion (US$630,000) in taxes.
* Apax Leaders is linked to businessman Nguyen Ngoc Thuy, known as ‘Shark Thuy’.
* This tax debt comes amid a $323 million fraud case involving Thuy.

Nguồn / Source: Tuổi Trẻ News