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A former law enforcement official has been arrested for abuse of power in Vietnam after it was found that he protected an illegal online betting operation that was valued at $420 million.
Phan Van Vinh was the former Director of the General Police Department at the Ministry of Public Safety. During his time in power he was found to have helped set up the illegal gambling ring with another government official and a tech firm executive. The trio have been arrested and will be held in custody for the next four months while the investigation is conducted.
The betting ring was discovered when another industry branch investigated a fraud case that used mobile phone payment cards last year. The suspect in that case said that he used the cards to purchase digital currency for use in online betting. At it's peak, the site had more than 14 million players and had brought in bets worth $419.7 million.
Thus far, 88 people have been arrested in connection with the ring. For his part, Vinh admits his involvement, saying that he was wrong.
Casino Listings will update this story as we learn more.