Police smash illegal gambling syndicate 12/07/2010
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Hong Kong police have uncovered a bookmaking syndicate targeting the football World Cup which had taken in around 7 billion yuan (£679.9m) of illegal bets.
They arrested 74 people in Hong Kong and 29 in China during the operation codenamed "Copperflame", mounted in co-operation with police in the southern Chinese province of Guangdong, reports Reuters.
Investigators said it was the largest syndicate of its kind to be smashed by police in Hong Kong.
"Police are committed to combating illegal bookmaking activities through intelligence-led operations and liaison with neighbouring enforcement agencies during the World Cup tournament," a police statement said.
Police investigations found evidence that the syndicate had used more than 400 bank accounts in Hong Kong and in mainland China to launder their gambling proceeds.
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