Dispute over management of Hanoi Star School system, system president files complaint to police

Embezzlement, fraud and appropriation of property?

In a statement sent to the press on the morning of July 16, Viet My K-12 Education Investment Joint Stock Company and Vietnam Star Education Joint Stock Company (members of EQuest Education Group) accused Ms. Ng. (one of the founding shareholders and partner in transferring the Hanoi Star Education System to EQuest Education Group) of having signs of embezzlement and fraud in appropriating assets.

Specifically, according to the accusations of the leaders of these two companies, in December 2021, Ms. Ng. and Ms. Ng.'s group signed contracts worth more than VND 1,000 billion to transfer to Viet My K-12 80% of the ownership and operation of the Hanoi Star Education System, including: Hanoi Star Private Primary and Secondary School (owned by Vietnam Star Education Joint Stock Company; referred to as "Hanoi Star School") and Hanoi Star - Hoang Mai Primary and Secondary School (committed to be established and owned by Hoang Mai Star Education Joint Stock Company; referred to as "Hoang Mai Star School"). Vietnam Star Education Joint Stock Company and Hoang Mai Star Education Joint Stock Company are two entities that Viet My K-12 owns 80%.

‘Nội chiến’ tại hệ thống trường Ngôi Sao Hà Nội, chủ tịch hệ thống gửi đơn tố cáo lên công an- Ảnh 1. — Hanoi Star Private Primary and Secondary School

According to the announcement, Viet My K-12 has fulfilled all payment obligations under the terms of the contract to Ms. Ng. and Ms. Ng's group. At the same time, Viet My K-12 has also shown trust and cooperation by continuing to appoint Ms. Ng. as General Director of Vietnam Star in charge of operating Hanoi Star School.

However, the company also denounced that during the past time, Ms. Ng. had committed many acts with signs of embezzlement and fraud. After discovering the violations, Viet My K-12 sent many notices in various forms (documents, emails) asking Ms. Ng. to recognize her actions, remedy the consequences, and return the above amount. However, Ms. Ng. cited many reasons to delay and not make the return. Therefore, the Board of Directors of Vietnam Star held a meeting and "dismissed Ms. Ng.'s executive authority" at Hanoi Star School in July 2023.

Accordingly, the company's leaders also denounced that at the end of 2023, when Hoang Mai Star School had completed legal procedures (granted an operating license), completed facilities and prepared to start operations, Ms. Ng. suddenly announced to stop cooperating with Viet My K-12 and did not hand over the ownership, management and operation of this school to Hoang Mai Star Education Joint Stock Company (80% owned by Viet My K-12). This company also affirmed that from the time Hoang Mai Star School officially started operating until now, Ms. Ng. and Ms. Ng.'s group have refused to cooperate and have not made any moves to hand over the school to Hoang Mai Star Education Joint Stock Company.

‘Nội chiến’ tại hệ thống trường Ngôi Sao Hà Nội, chủ tịch hệ thống gửi đơn tố cáo lên công an- Ảnh 2.

Chairman of Hanoi Star reports to the police

Mr. Truong Hoang Nam - Director of Viet My K-12 Education Investment Joint Stock Company (Viet My K-12) and Chairman of Hanoi Star Education System, said that he has filed a criminal complaint with the Department of Investigation Police on Corruption, Economic Crimes , and Smuggling (PC03) - Hanoi City Police and is working with this agency to resolve the matter.

Mr. Nam also said that he and his associates are currently unable to perform any management or operational functions, including quality control, legal compliance, and ensuring the safety of thousands of students, teachers, and school staff.

To clarify this story, Thanh Nien Newspaper will continue to investigate to inform readers.

Source: https://thanhnien.vn/tranh-chap-dieu-hanh-he-thong-truong-ngoi-sao-ha-noi-chu-tich-he-thong-gui-don-to-cao-len-cong-an-185250716163501558.htm