22 prosecuted for engaging in US$78.3 million money-laundering ring
The investigation police agency of the Central Highlands province of Lam Dong on March 18 prosecuted 22 individuals in connection with a sophisticated money laundering operation that processed some VND2 trillion (US$78.3 million).
Among those charged, six women and 16 men, are ringleaders Phan Thi Be, 29, and Le Van Diep, 27, both from the central province of Ha Tinh. Other suspects include Nguyen Ngoc Nam Nhi, 21, Huynh My Nhan, 24, Vu Xuan Tuan Anh, 22, Duong Thi Yen Nhi, 21, and Nguyen Ngoc Dieu Hien, 20.
This action followed an earlier successful operation by provincial police that resulted in the apprehension of 23 individuals connected to high-tech criminal syndicates operating from Cambodia via cyberspace.
Authorities have determined that these suspects formed part of a larger criminal network functioning under the control of foreign-based operatives. They allegedly registered dozens of bank accounts to circulate illegal funds, primarily supporting online fraud, internet gambling, and trafficking of prohibited goods. The money from these activities was subsequently "laundered" through multiple layers of transactions to legitimise it before being transferred abroad. All transactions and communications were disguised using sophisticated security systems to evade detection by authorities.
Further investigation is underway.
Police dismantle transnational money laundering ring in Lam Dong
VOV.VN - Police operating in the Central Highland province of Lam Dong announced on March 13 that they had successfully busted a major transnational money laundering ring in Dat Lat City, arresting 23 suspects.
