China issues warrant for Suncity boss over illegal gambling
ABC News
Chinese authorities have issued an arrest warrant for Alvin Chau, the head of Macao’s biggest junket organizer, over accusations that he helped run an illegal cross-border gambling syndicate
BEIJING -- Chinese authorities have issued an arrest warrant for the head of Macao’s biggest junket organizer over accusations that he helped run an illegal cross-border gambling syndicate.
Prosecutors in Wenzhou, in the eastern province of Zhejiang, said in a statement on Weibo on Friday that Suncity Group CEO Alvin Chau along with another individual, Zhang Ningning, led cross-border gambling operations and set up casinos across China.
Authorities said they had been investigating the case since July last year, and that the gambling syndicate has 199 shareholder representatives, over 12,000 agents that promoted its gambling operations and more than 80,000 gamblers in its network.
The syndicate also set up asset management firms to assist gamblers with cross-border fund transfers and to recover debts they owed.
