Malaysian authorities have announced that they have arrested eight men who are suspected of running online betting organizations taking wagers on the Euro 2012 football tournament.
The gambling ring was allegedly run by two men, aged 75 and 26, who were operating in Bukit Mertajam and George Town. The due reportedly made profits as high as RM200,000 on individual bets.
The raids also resulted in the confiscation of several betting receipts, laptops, cell phones, and match schedules. A large amount of cash was also taken in the raid.
Datuk Seri Mohd Bakri Zinin, the Criminal Investigation Department Director said that the raids have also generated more evidence about the betting syndicates, and more arrests are likely to follow.
Mohd Bakri said that during the 2010 World Cup in South Africa, that police in Malaysia raided 270 different football betting rings, which took in bets of more than RM419.2 million. During those raids, 227 people were arrested.