Allegedly handling more than $ 146 million through gambling and casino sites, 21 people were arrested in the international Money Laundering Case in Vietnam. Prosecutors reported that the illegal activities were being carried out since the last 10 months.
Shen, aged 40, was leading the illegal casino and gambling sites out of a residential building in Kaohsiung and worked for a criminal group. Shen along with 20 other hired employees worked in three shifts are now suspects and will face charges of illegal gambling and Money laundering offenses.
However, Shen was bailed out after questioning and paying the bail money of NT $ 500000 while others paid between NT $ 30000 to NT $ 80000.
Last week, Shen’s Den was raided and law enforcement confiscated 108 mobile phones, 10 computers and Telecommunications Network Systems.
Lin Chien Chun of the Kaohsiung Police Department further added that confiscated material was gone through and data was seized from the equipment but remittance records and receipts are provided as evidence of International Money Laundering. The records showed handling of NT $ 4.5 billion in the last 10 months and Shen is the leader of this illegal operation.
He further said that Police found Vietnamese SIM Cards in the mobile phones where gamblers received calls from these phones and transferred the profits.
Shen’s group mainly received remittances from Vietnam. Police processed Money that was being layered and placed through foreign bank accounts and overseas shell companies. This illicit profit from online casinos and gambling websites is possibly a source to fund criminal activities in Vietnam and other countries.
Since, the process Shen used launders the Money in Taiwan and evades all law enforcement agencies, it allows Shen to recover the money as the third and final stage of Money Laundering which is integration. Thus, it all looked like a legal profit.
Shen took a cut of all operations, transfers and remittances processed in Vietnamese Dong as his handling fee. Shen profited about NT $ 15 million over the last 10 months.