Wednesday January 7,2015 : CHINA CRACKS CROSS BORDER ONLINE GAMBLING RING
Detains 39 following 8-month-long investigation.
Jinan City Police in east China have detained 39 people and frozen numerous accounts following an eight month investigation into a cross-border online gambling ring.
Authorities said 60 billion yuan is in question following a tip off from China’s central bank in March 2014 (see previous InfoPowa reports).
The bank reported large transactions it deemed abnormal, said Wang Xudong, the deputy director of Baimashan Police Station.
4000 account numbers were flagged after authorities scoured 250 000 pieces of data unravelling the flow of large sums of money from China into casinos in Southeast Asia.
“By following their directions of flow, we found more than 60 suspects in Jinan," commented Han Lei, vice director of Jinan Public Security Bureau.