Vietnam busts $26M online betting ring – state media
HANOI: Four people were arrested after the Vietnamese police broke up an online football gambling ring worth around $26 million on Friday. The four people were arrested in Ho Chi Minh City, a report said. Several others were also summoned for questioning. The suspects allegedly admitted to operating transactions through a website hosted in the Philippines. State-run Vietnam Television reported that the total transactions of the gambling ring have been worth more than 600 billion dong ($26 million)” since early 2017, adding that thousands of people across Vietnam had used its services. Gambling is illegal in Vietnam apart from the state-run lottery and a few casinos which are only open to foreigners. But the law is widely flouted, especially during top-tier sports competitions like the ongoing World Cup when many punters head online or to illegal gambling dens to try their luck. Under Vietnam’s criminal code, anyone participating in gambling or organizing gambling could face up to 10 years in jail.
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