The Ministry of Public Security (MoPS) has just announced that three telecommunication companies (Viettel, Vinaphone, and MobileFone) earned VND1.4 trillion ($62 million) from the gambling ring led by former C50 director general Nguyen Thanh Hoa.
Big gaps in telecommunications management and payment
This is the largest-scale gambling ring ever to be discovered in Vietnam, with 43 million accounts, 14 million users, and over VND9.54 trillion ($420 million) in circulation. Up to March 14, MoPS has arrested and prosecuted 83 defendants related to this ring. This case also involves telecommunications networks and game publishers in Vietnam. Continue reading “Three telcos gained $62 million from Vietnam’s largest gambling ring”