Nguyen Van Duong, one of the masterminds behind the Rikvip case, continues to draw attention despite the long-concluded trial. During the execution of the sentence, the case involving Nguyen Van Duong lasted quite a while. Here is detailed information about Nguyen Van Duong.
Nguyen Van Duong, formerly the Chairman of the Board of Directors of UDIC Corporation, was involved in the construction project of the Bac Giang – Lang Son expressway with the largest investment capital of 491 billion Vietnamese dong. However, due to insufficient financial capacity, the Ministry of Transport terminated the contract with the company. Subsequently, Nguyen Van Duong established the High-Tech Security Technology Investment Development Company (CNC) with an initial capital of 20 billion Vietnamese dong.
During the company’s management, Duong met and got to know Phan Sao Nam, the director of VTC Online Joint Stock Company, and learned about Nam’s plans for developing a gaming portal. Duong is known as the mastermind behind the Rikvip case, in which the total revenue generated from the operations of this gaming portal in recent years amounted to nearly 1.7 trillion Vietnamese dong.
Nguyen Van Duong was arrested in 2018 for his involvement in the notorious Rikvip online gambling case. This gaming portal had generated revenues in the trillions of Vietnamese dong and operated in 13 provinces and cities across Vietnam. Nguyen Van Duong played a crucial role alongside Phan Sao Nam in operating Rikvip as a card game https://nguyenvanduong.net portal with payments made through an intermediary unit.
Furthermore, Nguyen Van Duong connected Phan Sao Nam with leaders in the Ministry of Public Security, including Nguyen Thanh Hoa and Phan Van Vinh, to legitimize the activities of the gaming portal. At that time, Nguyen Van Duong was the Chairman of CNC Company, considered the protective company under the C50 Department of the Ministry of Public Security. Therefore, Phan Sao Nam proposed collaboration to achieve the goal of establishing a legally operating gaming portal in Vietnam.
After collaborating with Nam, Duong instructed his subordinates to rent domains and establish an online payment gateway for players to deposit money, subsequently collecting revenue for himself. According to statistics until the time of his arrest, this Rikvip gaming portal had earned over 10 trillion Vietnamese dong, of which Nguyen Van Duong received 1.7 trillion Vietnamese dong.