What was the total bet value handled by the South Korean gambling syndicate?

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Total Bet Value Handled by South Korean Syndicate Reaches RM87 Million

Authorities have successfully dismantled an online gambling syndicate exclusively run by South Korean nationals, which collectively managed bets amounting to RM87 million. This operation was brought to a halt following raids conducted by Johor police operatives in Iskandar Puteri, a location near Johor Bahru, over a recent weekend. The syndicate had been utilising Malaysia as a base for its online gambling activities for approximately two years prior to the operation.
Syndicate Operations and Arrests

The investigation led to the apprehension of ten individuals, comprising nine South Korean citizens and one Malaysian man, with ages ranging from 29 to 66. These raids targeted two separate premises situated within affluent residential areas, serving as the syndicate's operational hubs. The South Korean nationals were reportedly employed as guest relations officers, overseeing the day-to-day management of the gambling centres, which catered exclusively to their compatriots. Their operations ran continuously on a 24-hour cycle, divided into two 12-hour shifts. The local Malaysian man's role was to facilitate their stay by managing their food and accommodation needs.
Modus Operandi and Financial Flows

The syndicate's strategy involved entering Malaysia under the guise of social visit passes, subsequently renting homes in high-end residential districts. To evade detection, they adhered to a pattern of changing their rental locations every three to six months. Financial dealings were channelled through a central bank account located in South Korea, supporting eight distinct online gambling platforms offered by the syndicate.
Seized Assets and Legal Proceedings

During the operation, law enforcement officials confiscated a substantial array of items. These included six desktop computer sets, four laptops, thirteen mobile phones, eight ATM cards, and twelve prepaid cards. Additionally, a Toyota Hilux vehicle, four modems, and four iPads were seized. Significant amounts of cash were also recovered, comprising RM36,168 in Malaysian currency and 7,779,000 Won (equivalent to RM28,886) in Korean currency. The nine South Korean suspects are currently remanded for 14 days, while the local suspect faces a three-day remand. Investigations are proceeding under relevant sections of the Open Gambling House Act 1953 and the Immigration Act 1953/1963 and 1959/1963. The local suspect's background check revealed prior criminal convictions related to drug offences.

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What was the total bet value handled by the South Korean gambling syndicate?

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