Australian officials say Chinese President Xi Jinping’s cousin, Ming Chai, is part of broad probes of organized crime, money laundering and alleged Chinese influence-peddling
MELBOURNE, Australia—Australian law-enforcement and intelligence agencies are scrutinizing the activities of one of Chinese President Xi Jinping’s cousins as part of broad probes of organized crime, money laundering and alleged Chinese influence-peddling, according to Australian officials.
Among other things, police are looking into the alleged 2017 use by the cousin, Ming Chai, now a 61-year-old Australian citizen, of what they describe as a money-laundering front company that has helped gamblers and suspected mobsters move funds in and out of Australia, some of the officials said.
Investigators are also trying to uncover the source of money Mr. Chai wagered in high-stakes gambling sessions at the Crown Casino in Melbourne and are examining his links to various business partners, including one man under investigation for money-laundering, those officials said.
Over 18 months in 2012 and 2013, Mr. Chai bet about $39 million at the casino, according to Crown documents reviewed by The Wall Street Journal. In 2015, he was among Crown’s top 50 patrons and projected to bet $41 million, company documents show. The Journal doesn’t have more recent data.
HANOI: Police in Vietnam on Sunday (Jul 28) detained more than 380 Chinese people accused of running the country’s largest-ever underground online gambling ring, the government said. Gambling is illegal in Vietnam in most cases, though foreigners are allowed to gamble at local casinos.
It said the ring hosted online platforms for Chinese gamblers to bet on sports games and lotteries, with the amount of transactions estimated at 3 billion yuan (US$436.14 million).
Casino and hotel operator Crown Resorts went into business with tour operators backed by Asia’s most powerful organised crime syndicates as part of its program to attract Chinese high rollers to its casinos.
Crown, which is part-owned by one of Australia’s richest men, James Packer, may also have exploited weaknesses in Australia’s visa processes to fly VIP gamblers into Australia without sufficient vetting..
Navigating the Las Vegas strip when it comes to finding a sports book that doesn’t have a packed house with long lines at the betting window. I’ve always said, prior to legalization and moving to Las Vegas of course, your relationship with your bookie is the second most important relationship you’ll have in life. That […] See more at Source: Top 5 Local Sports Books In Las Vegas – Sports Gambling Podcast
New research shows that tens of thousands of students across the UK are using their student loans to gamble to boost their funds.
Step one: Practice your poker face