The police in Hanoi have arrested sixteen people for allegedly running an illegal online casino that had been in operation since 2018. Police, cooperating with the Ministry of Public Security’s high-tech crime unit, named the alleged ringleader as a 37-year-old named Truong Ngoc Tu.
The culprits had managed to attract millions of clients to their No Hu’ (‘Break the Jar’) website. After signing up with their websites agents were responsible for issuing ‘points’ cards in exchange for cash. These points acted as online credits that allowed players to access the app/site’s casino games. Winnings would be paid in cash via the agents. The agents, who received 2% commission on each deposit they arranged, also allowed gamblers to put up non-cash assets as guarantee against online credits.
According to Vietnam’s authorities, the unauthorized online gambling ring handled bets worth nearly $3b before the whip came down. The police seized 34 phones, five computers, and 23 bank cards during the raid, but the whereabouts of the cash has not been communicated yet.
The authorities called this week’s bust the largest of its kind.
Last week‘s bust appears to be the largest of its kind even bigger than the previous ‘biggest ever’ bust of last year July in HaiPhong, which led to the arrest of 380 Chinese nationals. According to the authorities, unlike other previous busts, this was an entirely homegrown operation.