Throughout the investigation, the authorities identified a connection between the trillion-dollar gambling ring involving two bosses, Phan Sao Nam and Nguyen Van Duong, and many other individuals. Nguyen Van Duong was not only identified as the leader but also collaborated with many others.
Who is Nguyen Van Duong?
Nguyen Van Duong, 43 years old, was the former chairman of the Board of Directors of CNC High-Tech Security Investment Development Company Limited (CNC). CNC was established in September 2011 with an initial charter capital of 20 billion Vietnamese Dong. In April 2017, CNC was granted a license to operate in the intermediary payment services sector, including e-wallets, electronic payment gateways, and household payments, for a period of 10 years.
Prior to becoming the chairman of the Board of Directors of CNC, Nguyen Van Duong served as the chairman of the Board of Directors of UDIC Investment Joint Stock Company. UDIC was a reputable company and also a member of a consortium of investors in the construction project for the Bac Giang – Lang Son expressway.
Regarding the trillion-dollar gambling ring, Nguyen Van Duong was directly involved. Nguyen Van Duong, along with Phan Sao Nam, orchestrated the gambling operation through the Rikvip/Tip.club online gaming platform. Nguyen Van Duong was an accomplice to Phan Sao Nam in establishing a large-scale gambling network that caused a significant public uproar in Vietnam.
Who protected Nguyen Van Duong in the trillion-dollar gambling case?
During the investigation, the police agency confirmed that Nguyen Van Duong was undoubtedly protected. The trillion-dollar gambling ring was determined to have received protection from high-ranking officials in the police force, notably Phan Van Vinh, the Director General of the Police General Department, and Nguyen Thanh Hoa, the former Director of the High-Tech Crime Prevention Police Department (C50).
Based on the conclusion of the investigation by the police in Phu Tho Province, both individuals were proposed for prosecution on charges of abusing their positions and powers while performing their official duties. Specifically, they disregarded the directives of the Ministry of Public Security and even obstructed subordinates during the verification process of Nguyen Van Duong and Phan Sao Nam’s gambling operation.
Regarding the protection of Nguyen Van Duong, the investigative agency further revealed that at the time of https://nguyenvanduong.net the incident, Nguyen Thanh Hoa still held the position of Director of the High-Tech Crime Prevention Police Department (C50), but he did not take any action to prevent or address the illegal activities. Instead, he actively aided and protected the offenders.