Police cracks online betting ring in Vietnam
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Hi-tech Crime Police in Vietnam have unearthed an illegal online betting gang that has been functioning across the country for the last three years. The police said the company has cracked up transactions worth some 88 million U.S. dollars, the country’s Department said on Sunday.
On Saturday, 14 police working groups simultaneously conducted raids in many houses in various cities of the country, including capital Hanoi, Ho Chi Minh City and southern Dong Nai province. They detained a number of local people and procured relevant documents, three cars, and over 10 billion Vietnamese dong (440,000 U.S. dollars) and 21,000 U.S. dollars in the form of cash and deposit books.
The detainees have been accused of running or gambling on an illegal betting website with its servers being located in the Philippines. Since 2015, thousands of Vietnamese people have opened bank accounts totalling some 2000 billion Vietnamese dong (88 million U.S. dollars) to make bets through the website.
At present, all forms of gambling, including sports betting, except in government licensed casinos, are illegal in Vietnam. Anyone found to be in violation of the law is subject to heavy fines and/or a severe prison sentence.
Source: European Gaming Industry News