Nguyen Van Duong: A Notorious Figure In The Rikvip Gambling Scandal

Nguyen Van Duong, one of the masterminds behind a multi-billion gambling ring, gained notoriety for his involvement in the high-profile Rikvip case, which was extensively investigated by the Ministry of Public Security in 2018. Prior to his criminal activities, Duong served as the Chairman of the Board of Directors at UDIC Company and participated in the construction project of the Bac Giang – Lang Son Expressway, alongside several other companies. However, the Ministry of Transport later revoked UDIC’s participation in the project.

Duong was also the founder of CNC Company, a subsidiary under the management of the C50 Department of the Ministry of Public Security. He played a crucial role in connecting with Phan Sao Nam and other individuals involved in the case. The illicit profits Duong amassed from the online gambling activities on Rikvip were substantial.

Upon his arrest, Nguyen Van Duong was believed to have limited assets and encountered difficulties in meeting the imposed penalty of nearly 1.7 trillion Vietnamese Dong by the judiciary. Despite the illicit revenue amounting to billions of Vietnamese Dong, the assets Duong could potentially recover after his arrest did not necessarily reflect his wealth. His assets included contributions to UDIC Company and BOT projects, two savings books, an apartment in Dong Da district, as well as hundreds of expensive liquor bottles and other valuable items.

Compared to Phan Sao Nam, Nguyen Van Duong led a more extravagant lifestyle. The collection of expensive wines and valuable items in his residence testified to his immense wealth. If he had not been apprehended, Duong could have continued to profit from investment activities with exorbitant returns.

Additionally, Nguyen Van Duong bribed senior police officers with money and valuable gifts to secure their support and conceal his illicit operations. Although these officers denied accepting any bribes, the investigation conducted by the police authorities indicated sufficient evidence suggesting that Duong indeed presented expensive gifts to these individuals.

Despite the evident wealth of Nguyen Van Duong, the process of collecting the penalty from him has encountered challenges. The total sum of assets recovered from him, including savings books, proceeds from the sale of his house, and luxury cars, still falls short of the outstanding penalty of approximately 1.7 trillion Vietnamese Dong. Duong’s wife attempted to deposit nearly 400 billion Vietnamese Dong to comply with the court’s order, but this amount remains insufficient to satisfy the penalty. The difficulty in collecting the penalty from Duong may be attributed to the depletion of his primary sources of assets and his limited remaining properties available for confiscation.