Before understanding the information that led to Nguyen Van Duong’s involvement in the multi-billion gambling case of Phan Sao Nam, let’s learn about Nguyen Van Duong himself. He was known as a successful businessman and the chairman of CNC Company. The company was established in September 2021 with an initial capital of 20 billion Vietnamese dong.
In April 2017, after 6 years of operation, Nguyen Van Duong’s CNC Company was granted a license to provide intermediary payment services. CNC was allowed to operate for a period of 10 years, providing three main service categories: electronic payment gateway, electronic wallet, and collection and payment services.
Before becoming the chairman of CNC, Nguyen Van Duong was the Chairman of the Board of Directors of UDIC Investment Company. This company was also a member of the investment consortium for the construction of the Bac Giang – Lang Son expressway. However, due to weak financial capacity, UDIC had to participate in a restructuring plan with another group of investors to continue the project.
Nguyen Van Duong’s life was influenced and his entrepreneurial career came to an end when he became involved in the multi-billion gambling case with Phan Sao Nam. https://nguyenvanduong.net This case also involved two high-ranking leaders in the police force under the C50 Department. Currently, he has been arrested and is serving his sentence.
Phan Sao Nam’s multi-billion gambling case is noteworthy, with Phan Sao Nam being the mastermind behind the RikVip game development company that caused a stir in Vietnam. This network is related to two high-ranking leaders in the police force. In this case, another key member who collaborated with Phan Sao Nam was Nguyen Van Duong.
In 2015, Phan Sao Nam first met Nguyen Van Duong. Through their conversation, Nam learned that Duong was the chairman of CNC Company, a reputable company affiliated with the High-Tech Crime Prevention Police Department under the General Department of Police in Vietnam. Therefore, Phan Sao Nam proposed a collaboration with Nguyen Van Duong to develop online card game software on the internet.
With this proposal from Phan Sao Nam, Nguyen Van Duong agreed to sign a contract. This was the origin of Nguyen Van Duong’s criminal involvement, related to an illegal gambling network. After the two parties completed the contract, Duong instructed his company’s staff to register trademarks, purchase domain names, and build online payment gateways to collect revenue from illegal gambling activities. From there, the two parties would share the profits according to the agreed terms, with illicit gains from the gambling organization reaching up to 1,655 billion Vietnamese dong.
After a 12-day trial and 4 days of deliberation, the trial panel pronounced sentences for those involved in the multi-billion gambling network of Phan Sao Nam on the afternoon of November 30, 2018. Nguyen Van Duong, in collaboration with Phan Sao Nam as the leader of the illegal gambling organization, was convicted of the following charges:
Organizing illegal gambling and sentenced to 5 years in prison.
Money laundering and sentenced to 5 years in prison.
Therefore, the origins that led to Nguyen Van Duong’s crime were greed and violation of the law, resulting in a 10-year prison sentence. This sentence was pronounced under the leniency policy of the law. Currently, Nguyen Van Duong is serving his sentence, and if he demonstrates good rehabilitation, he may be eligible for leniency under the law.
In conclusion, the article has presented information about the RikVip multi-billion gambling case and the origins that led to Nguyen Van Duong’s crime. Through this case, we also understand the consequences of participating in illegal gambling and fraud. Therefore, before engaging in gambling activities, it is important to consider and comply with the law.