A FOOTBALL betting and fraud ring busted in Malaysia may have raked in up to US$1.3 billion (RM3.9 billion), police said on Friday, after an operation that saw scores of Chinese and Taiwanese nationals arrested.
Police conducted the raid in the city of Kajang, near the capital Kuala Lumpur, on Thursday, in the latest case to indicate rampant illegal sports betting in Asia.
The apparently highly organised and well-funded ring operated for a month from several luxury bungalows in an upscale gated community 'home to several ministers and former cabinet members', The Star Newspaper reported.
A preliminary examination of the ring's records indicate it may have taken in nearly RM4 billion in bets and fraudulent income over that period, Kajang police chief Abdul Rashid Abdul Wahab told AFP. (Agencies)
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