How much are Nguyen Van Duong’s assets in the Rikvip case? How were Nguyen Van Duong’s assets recovered? Many readers are interested in the multi-billion Rikvip gambling network and are curious about the amount of assets this boss acquired when opening this gambling platform.
Who is Nguyen Van Duong? Before being involved in the multi-billion Rikvip gambling network with Phan Sao Nam, Nguyen Van Duong was known as a businessman. He was the chairman of the Board of Directors of the High-Tech Crime Prevention and Security Development Investment Company, also known as CNC.
CNC Company, with Nguyen Van Duong as the chairman, was established in September 2011 with an initial capital of 20 https://nguyenvanduong.net billion Vietnamese dong. However, it was not until 2017 that the company was granted a license to operate in the intermediary payment field.
Prior to that, Nguyen Van Duong was also the chairman of the Board of Directors of UDIC Investment Joint Stock Company, which was involved in the construction project of the Bac Giang – Lang Son expressway. To carry out his criminal activities, Nguyen Van Duong took advantage of CNC Company to connect with high-ranking police officials and operate the gambling network.
How much are Nguyen Van Duong’s assets in the Rikvip case? Nguyen Van Duong is known as the Chairman of the Board of Directors of the CNC High-Tech Security Development Investment Company. In addition, he was also the Chairman of the Board of Directors of UDIC Investment Joint Stock Company (the contractor for the construction project of the Bac Giang – Lang Son expressway), and he is known by the nickname “Tycoon Duong UDIC.”
At the end of 2017, Nguyen Van Duong and several accomplices were indicted by the Provincial Security Investigation Agency of Phu Tho Province for “Using the Internet to misappropriate assets, organize gambling, illegally trade invoices, and money laundering in Phu Tho Province and other provinces.”
According to some sources from the case, the Rikvip gambling network generated a revenue of 9.853 trillion Vietnamese dong. From that amount, funds were allocated for prizes to winning participants, management expenses, salary payments, and taxes, totaling 3.7 trillion Vietnamese dong. The individuals leading the network benefited from 4.7 trillion Vietnamese dong, and among them, Nguyen Van Duong, the Chairman of the Board of Directors of CNC, received 1.655 trillion Vietnamese dong.
How did Nguyen Van Duong share profits with other criminals? In the multi-billion gambling network, Nguyen Van Duong colluded with Phan Sao Nam and had a contract to share 20% of the profits with former General Nguyen Thanh Hoa for protection. Therefore, Nguyen Van Duong gave nearly 22 billion Vietnamese dong to Phan Thanh Hoa.
Furthermore, Nguyen Van Duong confessed to authorities that he had given 27 billion Vietnamese dong to Phan Van Vinh. The amount he gave to Vinh is equivalent to 2 million US dollars, along with various other valuable assets.