Nguyen Van Duong, Former Chairman Of CNC, Sentenced In The Billion-Dollar Rikvip Gambling Case

Nguyen Van Duong, Known As The Chairman Of CNC – High-Tech Security Investment Development Limited Liability Company, Has Been Arrested For His Involvement In The Rikvip Billion-Dollar Gambling Case. Prior To This, He Was Also The Chairman Of The Board Of Directors Of UDIC Investment Company And A Member Of The Bac Giang – Lang Son Expressway Construction Project.

The Rikvip Case, Also Known As The Tip Club Case, Is Linked To Gambling Activities Through Intermediary Payment Contracts For The Tip Club And Rikvip Online Gaming Portals. The Total Amount Of Money Involved In This Case Is Estimated To Be Around 10-15 Trillion Dong.

In His Testimony Before The Court, Nguyen Van Duong Admitted To The Charges Of “Money Laundering” And “Organizing Gambling” As Stated In The Indictment By The Prosecutor’s Office. He Also Acknowledged Benefiting Unlawfully From The Gambling Operation And Expressed A Desire To Remedy The Consequences Of The Case.

Nguyen Van Duong Has Requested The Trial Panel And Relevant Authorities To Help Him Recover The Invested Capital And Assets In Other Companies To Address The Aftermath. The Total Amount Of Money That He Must Repay Due To Illicit Gains From The Gambling Ring, As Stated In The Indictment, Is Over 1,655 Trillion Dong. He Is Also Charged With “Money Laundering” For Depositing Over 329 Billion Dong Into UDIC Before Transferring It To The BOT Bac Giang – Lang Son Company.

Regarding The Sentencing, According To The Appellate Indictment, Nguyen Van Duong Has Been Sentenced To 10 Years In Prison For Operating And Organizing Online Gambling. He Is Also Required To Pay Nearly 1,700 Trillion Dong To Remedy The Consequences. However, To Date, The General Department Of Execution Of Judgments Has Only Recovered 315 Billion Dong From Nguyen Van Duong’s Assets.

Currently, Nguyen Van Duong Has Served Over 6 Years Of His Sentence And Still Has Over 3 nguyen van duong Years Of Imprisonment To Complete The Sentence. After Serving The Prison Term, He Will Still Be Obligated To Make Financial Payments To Address The Consequences As Requested By The Prosecutor’s Office.