A 47-year-old Chinese man has been charged with running a cross-border online gambling case involving a whopping USD 58 billion in east China's Zhejiang Province, state media reported.
The man identified only by his surname, Zhou, was charged yesterday for setting up the online casino in June 2012 in Wenzhou. He relocated his company to Vietnam in 2013 to avoid the Chinese police, according to Songyang county people's court.
In June 2014, police in Songyang opened an investigation into Zhou's activities. Police discovered that 2.04 million players bought 400 billion yuan (USD 58 billion) worth of game coins. Zhou and his accomplices made 580 million yuan in illegal earnings, state-run Xinhua news agency reported.
Zhou was arrested in Vietnam and repatriated in April this year. Eight of his accomplices were sentenced in an earlier case and several are still at large.
Gambling is banned in the Communist nation, except in state-sanctioned lotteries.
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