Da Nang police have initiated a hunt for a 35-year-old man who ran a gambling ring worth nearly VND10 trillion (US$429 million).
Bui Manh Tri, who resides in Thanh Khe District, is wanted for organizing gambling, the municipal Department of Public Security confirmed on Monday.
The man owned a business and a popular pub on Tran Hung Dao Street in the central city.
Local residents are asked to promptly contact competent authorities if they find Tri.
The man was the mastermind behind a large-scale gambling ring which was recently broken by Da Nang police.
After thoroughly verifying and investigating the case, more than 100 officers divided into 11 teams raided the houses of multiple ring members on October 13.
|A decision to initiate a manhunt for Bui Manh Tri, leader of a VND10 trillion ($429 million) gambling ring, is signed by a police official in Da Nang City, Vietnam. Photo: D.C. / Tuoi Tre|
They arrested 11 main suspects, including six key ring members and five gamblers, and dozens of relevant individuals, as well as confiscated VND3 billion ($128,800) and two luxury automobiles.
According to investigators, Tri contacted foreign gambling organizers to purchase multiple super master accounts, each costing millions of U.S. dollars, for online sports betting and other gambling games.
He then divided the super master accounts into smaller ones and gave them to his subordinates, who operated lower branches of the racket.
These accounts were then sold to gamblers.
The gambling ring is worth nearly VND10 trillion ($429 million).
From May to October alone, transactions via the ring topped VND6.2 trillion ($266 million).