Summary: Nguyen Van Duong, a former businessman, has gained notoriety in a high-profile billion-dollar gambling case that has captured public attention. Duong had a successful career in the business sector before becoming involved in illegal gambling activities.
Nguyen Van Duong is the chairman of the High-Tech Security Investment and Development Limited Liability Company (CNC), a company established in 2011. The company is licensed to operate in the intermediary payment sector, offering services such as e-wallets, online payment gateways, and collection and disbursement services. Prior to this, Nguyen Van Duong held the position of chairman of the Board of Directors at UDIC, a company involved in the construction project of the Bac Giang – Lang Son expressway.
However, Nguyen Van Duong’s name truly became famous when linked to the billion-dollar gambling scandal. According to investigations https://nguyenvanduong.net by authorities, Duong was the mastermind behind a large-scale online gambling organization with connections to high-ranking officials in the C50 division of the Ministry of Public Security.
The billion-dollar gambling case involving Nguyen Van Duong is known as the Rikvip case. It caused a public uproar in 2018 and was conducted through an online card game platform. According to investigative agencies, this gambling organization generated profits of nearly 15 trillion Vietnamese dong.
To understand who Nguyen Van Duong shared 20% of the profits with in the billion-dollar gambling case, it is necessary to summarize some key events related to the case. The CNC company, chaired by Duong, signed a business cooperation contract with the C50 division, clearly stating that Duong would share 20% of the profits from CNC with the C50 division.
In 2015, the Rikvip gaming platform was established by Phan Sao Nam and Nguyen Van Duong, attracting over 43,000 participants. In 2016, Phan Van Vinh, a high-ranking official in the C50 division, submitted a proposal to legalize the operation of the Rikvip gaming platform to the Ministry of Information and Communications. However, the case was later cracked down on, and Nguyen Thanh Hoa, another official in the C50 division, was arrested, stripped of his title as People’s Police officer, and prosecuted. On April 5, 2018, Phan Van Vinh was also temporarily detained, arrested, and stripped of his title as People’s Police officer. The Provincial People’s Procuracy of Phu Tho completed the indictment against 90 defendants involved in the case.
The Rikvip billion-dollar gambling case had a significant impact and marked Nguyen Van Duong’s notoriety. He was sentenced to imprisonment and had to serve an additional three years to complete the sentence. He also had to repay 1.7 trillion Vietnamese dong to address the consequences caused by the illegal gambling operation. In this billion-dollar gambling case, Nguyen Van Duong, along with Phan Sao Nam, were the two masterminds behind the Rikvip gaming platform, and he received 40% of the daily revenue from the platform.
In conclusion, Nguyen Van Duong, a former businessman, has become a notorious figure in the billion-dollar Rikvip gambling case. He shared 20% of his company’s profits with the C50 division of the Ministry of Public Security. This case caused a significant stir and involved several high-ranking police officials. Nguyen Van Duong and Phan Sao Nam were the masterminds behind the Rikvip gaming platform and faced legal consequences and substantial financial compensation due to their illegal gambling activities.