CHINESE POLICE BUST A US$ 7 BILLION ILLEGAL GAMBLING OPERATION.
Chinese police have reported busting a number of illegal gambling cases involving a staggering total of 50 billion yuan (about US$ 7 billion). The Xinhua News Agency broke the story and has reported that Chinese police have now initiated a global hunt for seven individuals involved in the illegal activities.
Gong Dao'an, Xianning City’s chief of police, had the following to say: "We found tens of thousands of gamblers from around the country took part in gambling organised by six gangs between 2004 and 2009. Most of the gambling funds have flowed to overseas online gambling groups through underground money laundering channels." The police chief also said that his officials have so far recovered a total of 800 million yuan by freezing all the gang members’ Chinese bank accounts.
He also said: "We are seeking international cooperation to help cut off the money laundering channels, which circulated the gambling funds overseas."
A number of websites were under suspicion and began to be investigated in 2007. These websites offered sportsbetting services as well as card games and received a substantial amount of money from people in over 10 Chinese cities. The police chief said these sites were tracked to servers in the United States, Singapore and the Republic of North Korea that were keen on exploiting China’s enormous population for their own ends.
So far 27 members of the gangs responsible for these illegal online gambling operations have been arrested and given prison terms, 30 06re are awaiting sentencing.
He revealed that 27 unnamed members of the gangs had been given jail terms of between 3 and 10 years, and 30 other gang members were expected to be charged later this month as investigations continued to develop.