China busts major Euro 2016 online betting ring

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At long last, China has made a late run at securing the Euro 2016 illegal betting bust title.

After staying uncharacteristically quiet on the Euro 2016 betting bust front, Wednesday saw Chinese media outlets report that police in Guangdong province have broken up a major online betting syndicate following simultaneous raids in five cities. A total of 543 suspects have been detained as part of an operation dubbed Jufeng-10, which was launched on June 21.

Liang Ruiguo, deputy director of the criminal investigation bureau of the provincial Department of Public Security, said the “soccer betting gang” had attracted “a large sum” of wagers since Euro 2016 kicked off on June 10. The raids resulted in the seizure of cash totaling RMB 3m (US $452k) and the freezing of another RMB 90m ($13.6m) held in 983 bank accounts.

Liang said the Jufeng-10 operation targeted betting agents in Foshan, Shenzhen, Guangshou, Dongguan and Shantou. Police continue to pursue other agents who have so far evaded detection and Liang said “special efforts will be made to crack down on gambling gangs, bankers, key members and beneficiaries.”

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