Vietnam police bust massive online gambling ring

TN News

Email Print

Inspectors from the Ministry of Public Security on Wednesday arrested seven members of an online gambling syndicate based overseas and handling bets worth tens of millions of dollars.

Speaking to Thanh Nien, Colonel Ho Sy Tien, chief of the ministry's social crimes investigation department, or C45, said two were apprehended in Hanoi, while the rest were taken into custody in Ho Chi Minh City.

Another person was also summoned for questioning in the central resort town of Nha Trang that same day, he said.

Initial information was that those arrested were involved in the operation of a gambling website named M88, which used a server based overseas.

Inspectors said in order to place bets on the website, gamblers were asked to create an online account and transfer money from personal bank accounts to those of the administrator. The funds, once transferred, allowed gamblers to earn points and play the online games.

A report in Tuoi Tre said gambling services offered by the site included card games, and betting on soccer and horse racing held in different countries like England, Italy and France.

The site's administrators had accounts at several popular local banks, it added.

Tien was quoted as saying that the ring's transactions were worth up to tens of millions of dollars, stressing that since the money was transferred overseas, Vietnam's economy suffered "big losses" as a result.

Police are investigating further.

Like us on Facebook and scroll down to share your comment

More Society News