Nguyen Van Duong, the Chairman of the Board of Directors of Investment and Development of Technology Security Limited Company (CNC), became a well-known figure in the Rikvip case, a billion-dollar online gambling ring that caused a stir in public opinion in 2018. Mr. Duong is considered one of the two masterminds behind this operation, collaborating with Phan Sao Nam to oversee and illicitly profit over 10,000 billion Vietnamese dong.
Before becoming the Chairman of the Board of Directors of CNC, Mr. Duong was also the Chairman of the Board of Directors of UDIC Investment Corporation, a company engaged in infrastructure investment, including the Bac Giang – Lang Son Expressway project.
In the Rikvip case, Nguyen Van Duong received the heaviest sentence for several significant reasons. Firstly, during the investigation process, he only returned 240 billion Vietnamese dong, which accounted for 15% of the illicit gains, and this amount was not voluntarily surrendered by him but recovered by the investigative agency. Meanwhile, Phan Sao Nam voluntarily remedied over 1,300 billion Vietnamese dong, which constituted more than 90% of the amount he had profited. This difference significantly affected the severity of the penalties imposed on the two defendants.
According to regulations, to receive a reduced sentence, the defendant needs to voluntarily disclose and remedy the consequences of their actions. Conversely, Mr. Duong did not show voluntary and proactive behavior in providing information or returning the embezzled funds. This created dissatisfaction and could not be overlooked when evaluating his level https://nguyenvanduong.net of responsibility and criminal conduct.
Furthermore, Mr. Duong’s significant role in the billion-dollar gambling ring also played a crucial role in determining the sentencing. As one of the two masterminds behind this operation, he actively managed and organized illicit activities, leading to substantial illegal profits. The competent authorities and the prosecution clearly demonstrated his involvement in the case and assessed the severity of his criminal behavior.
Based on these factors, the Provincial People’s Court sentenced Nguyen Van Duong to 10 years in prison, the highest penalty among all defendants in the Rikvip case. This heaviest sentence resulted from a comprehensive consideration of the criminal elements and the individual level of responsibility of Mr. Duong.
In summary, Nguyen Van Duong received the harshest punishment in the Rikvip case due to his failure to voluntarily disclose and remedy the consequences, as well as not returning the embezzled funds willingly and proactively. His important role and the seriousness of his criminal behavior also contributed significantly to the imposition of the highest penalty. This case highlighted the importance of legal compliance and personal responsibility in business and society.