Nguyen Van Duong’s criminal process

Who is the mastermind Nguyen Van Duong?

The case of the billion-dollar gambling scandal Rikvip, which shook the nation, was orchestrated by two masterminds, one named Phan Sao Nam and the other being Nguyen Van Duong. There is not much information available about this mastermind, but it is known that Nguyen Van Duong was born in 1976 and was formerly the former chairman of the Board of Directors of CNC Company.

Prior to that, Nguyen Van Duong had been the chairman of the Board of Directors of UDIC Investment Corporation. This company was also involved in a consortium of investors in the construction project of the Bac Giang and Lang Son expressway.

What was Nguyen Van Duong’s criminal process like?

After establishing CNC Company, the defendant Nguyen Van Duong collaborated with Phan Van Vinh and Nguyen Thanh Hoa to create favorable conditions for the company’s operations. In early 2015, Duong accepted Phan Sao Nam’s proposal to launch a card game.

With his business relationship with Phan Sao Nam, Duong instructed his subordinates to sign contracts with Nam’s company to organize online gambling activities through the internet using games such as Rikvip/Tip.Club, Zon/Pen, and 23Zdo.

After successfully signing the contract, Nguyen Van Duong directed the members of the company to register domain names, brand text messages, and build payment gateways connected to intermediary companies to illegally profit from an amount of up to 1,700 billion Vietnamese Dong.

After obtaining the ill-gotten gains from organizing gambling activities, Nguyen Van Duong instructed his subordinates to transfer capital contributions to his other company. He then used others’ names and created fake contracts to withdraw money, artificially inflating the value of the company’s capital contributions.

Regarding the shared profits from the gambling activities, Nguyen Van Duong instructed his subordinates to transfer the funds back to the company, using the name of the old company and personal partners, in order to legalize the money gained from the gambling activities and make it clean (legal money).

Around 2017, Duong sold his shares in the company for approximately 330 billion Vietnamese Dong and withdrew the money for personal savings. Nguyen Van Duong was charged with two offenses, namely organizing gambling and money laundering, for his criminal activities.

The sentence imposed on Nguyen Van Duong

During the investigation and temporary detention, Duong voluntarily paid 4.1 billion Vietnamese Dong to compensate for the damages. In addition, he also voluntarily sold the CNC company headquarters and handed over more than 61 billion Vietnamese Dong to the investigating authorities. The investigating authorities also seized various vehicles and froze over 8 billion Vietnamese Dong in Duong’s bank accounts.

On November 30, the Provincial People’s Court of Phu Tho issued the final verdict for the defendants in the case of the billion-dollar online gambling, including Nguyen Van Duong and Phan Sao Nam as the leaders. The panel of judges implemented the leniency policy of the law due to Duong’s sincere confession, significant contributions to operational activities, and willingness to return the money he had.

After analyzing and evaluating Nguyen Van Duong’s criminal process, the trial panel sentenced him to 5 years in prison for organizing gambling and 5 years for money laundering. Therefore, the total sentence for both offenses is 10 years in prison.

The billion-dollar gambling case in 2017 was one of the most nguyen van duong rikvip shocking cases in Vietnam at that time. Through this article, it is hoped that you have understood Nguyen Van Duong’s criminal process and the sentence he received.