Vietnamese Government loses $8,000,000 to Football Bets
Posted on October 25, 2007
Sports gambling has become a huge problem in Vietnam, but this might be the worst case yet. Various Government officials and civil servants had gambled aid funding on bets of mainly European Football matches.
The end losses? An estimated $8,197,485 in government funds.
Both President Tran Duc Luong and Prime Minister Phan Van Khai are expected to retire after Vietnam’s 10 National Congress ends on Tuesday, October 30th.
The whole scandal was revealed when a gambler named Bui Tien Dung, who was also a former part of the Ministry of Transport, confessed. Another Transport Minister Dao Dinh Binh resigned two weeks ago due to gambling problems as well.
Since then, a computer office log was found to have 200 Ministry of Transport employees waging government funds. Mr. Dung even had $11,477,838 in savings from all of this before he was jailed.