Nguyen Van Duong Allots 20% Of Profits To C50 Director Nguyen Thanh Hoa

Nguyen Van Duong shares 20% of profits with Mr. Nguyen Thanh Hoa, the director of C50 (High-Tech Crime Prevention and Control Department). During the establishment of the shield company for C50, Mr. Nguyen Thanh Hoa signed a cooperation agreement with Nguyen Van Duong, stipulating that Hoa would receive 20% of the profits from the amount Duong earned while managing the company.

The billion-dollar Rikvip gambling case has stirred up public attention in Vietnam, especially within the law enforcement sector. During the investigation, several related defendants were identified, and Nguyen Van Duong was one of the masterminds behind the case, along with Phan Sao Nam.

Phu Tho Provincial Police received information about money being stolen from bank accounts in 2017. As the investigation expanded, a nationwide gambling network was uncovered. Nguyen Van Duong and Phan Sao Nam were arrested for further investigation and clarification of the case.

After a 12-day trial and 4 days of deliberation, on November 30, 2018, the jury delivered official verdicts for the defendants. Nguyen Van Duong was convicted of two charges: illegal gambling and money laundering. He was sentenced to 10 years in prison, with a fine amounting to nearly 1,700 billion VND.

Currently, following Nguyen Van Duong’s arrest and conviction, only about 400 million VND of the total amount has been recovered by him and his family, leaving nearly 1,300 billion VND outstanding. However, the recovery of this sum has proven challenging, especially given his current circumstances. Both of his parents have passed away, and his wife is left to support their four young children, the youngest of whom is just over one year old. The enforcement agency stated that it is unlikely to be able to recover the full amount.

The billion-dollar Rikvip gambling case has raised numerous questions and public curiosity. Many people are interested in Nguyen Van Duong and the related information. However, information regarding his wife and children is not widely shared online.