Ho Chi Minh City police break down $3.8 billion online gambling ring

Huynh Long Bach and Nguyen Dac Quy lead a large-scale online gambling organization

Ho Chi Minh City Police on December 2 announced that it had just dismantled an online gambling ring considered the largest scale ever, with a transaction amount of more than $3.8 billion (VND 87.6 trillion)

The state-controlled media, citing information from the Cybersecurity and High-Tech Crime Prevention Division of the Ho Chi Minh City Police Department, said that the two ring leaders Huynh Long Bach and Nguyen Dac Quy. were arrested.

According to the investigative security agency, this group organized gambling on two websites Swiftonline.live and Nagaclubs.com and received commissions from players. Its betting was made methods through using Vietnamese money to buy electronical currencies linked to financial exchanges and then converted, deposited and withdrawn.

Ho Chi Minh City police temporarily detained 59 people, including 13 key people, 16 gamblers, and 30 related people, seizing nearly VND21 billion, including nearly VND3 billion in cash, many computers, phones, books commissions, real estate sales contracts and many other properties.

Recently, Vietnam has increased the crackdown on online gambling activities, some high-ranking police officers have even been sentenced to prison for protecting online gambling activities. Typically, two former police generals are Phan Van Vinh and Nguyen Thanh Hoa. These two people were sentenced to 9 and 10 years in prison, respectively, for “abusing positions and powers while on official duty.”

Thoibao.de (Translated)

Source: https://www.rfa.org/vietnamese/news/vietnamnews/police-busted-an-online-gambling-ring-with-a-scale-of-up-to-3-8-billion-12032021081544.html