18 Billion Won in 50,000-Won Bills Seized from Operator of Illegal Gambling Site Worth 100 Billion Won

Busan Police Arrest Gang Operating Overseas Gambling Site... 4 Detained, 1 Booked, 2 Sought

A bundle of 1.8 billion KRW in 50,000 KRW bills seized at the scene where a group operating an illegal gambling site was arrested. [Image source=Busan Police Agency]

[Asia Economy Yeongnam Reporting Headquarters, Reporter Kim Yong-woo] A group operating an illegal sports gambling site worth 100 billion won has been caught in the police investigation net.

On the 24th, the Busan Metropolitan Police Agency announced that they arrested five operators on charges of running an illegal sports gambling site worth 100 billion won with servers overseas and offices in the Philippines and domestically, detaining four main suspects in their 40s including Mr. A, and booking one person. Two accomplices who went into hiding are being tracked.

According to the police, the main suspect Mr. A and six others set up gambling servers in China and relay servers in Japan from June 2018 to March this year, established gambling operation offices in the Philippines and Korea, and recruited about 1,800 members through gambling promotion sites.

They are suspected of operating an illegal sports gambling site worth 100 billion won targeting members and pocketing tens of billions of won in illicit profits.

It was revealed that they were senior-junior acquaintances in society and, believing they could make money through the gambling site, even involved their own siblings in the operation.

During a search of domestic operation offices and hideouts, the police seized a total of 1.86 billion won, including 1.4 billion won (28,000 bills) in 50,000 won notes hidden in a travel suitcase, and about 460 million won in cash from vehicles and safes.

The group that developed and distributed the gambling site program along with the two accomplices who went into hiding after managing the site is also under continuous investigation.

The police have been conducting nationwide intensive crackdowns from March to the end of October this year, judging that illegal gambling sites would become rampant due to continued non-face-to-face activities caused by COVID-19.

This content was produced with the assistance of AI translation services.