HomeEverything
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
← All Stories

Two alleged illegal gambling operators extradited from UAE to South Korea

Created at 4 Jul · 6:35 AM1 source↑ Market-relevant
IN SHORT

Authorities have extradited two suspects accused of operating large-scale illegal online gambling networks from the United Arab Emirates to South Korea. One suspect allegedly ran a gambling site worth $3.14 billion and evaded taxes and law enforcement for 12 years.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

4.8 trillion wonvalue of one alleged gambling site
US$3.14 billionvalue of one alleged gambling site
12 yearstime one suspect evaded arrest
66 billion wonalleged tax evasion amount
500 billion wonvalue of second alleged gambling site

Who's Involved

South Korea
country receiving extradited suspects
United Arab Emirates (UAE)
country extraditing suspects
pan-government special task force on transnational crime
South Korean task force involved in operation
UAE authorities
cooperating authorities in the UAE
Two alleged illegal gambling operators extradited from UAE to South Korea

↳ Why This Matters

This operation highlights international cooperation in combating transnational crime, particularly large-scale illegal online gambling and associated offenses like tax evasion and drug trafficking. It signals a continued effort by South Korean authorities to pursue cybercriminals operating from abroad.

Key facts

  • Two individuals accused of operating illegal gambling networks have been extradited from the UAE to South Korea.
  • One suspect allegedly ran an overseas gambling site valued at 4.8 trillion won ($3.14 billion) and evaded authorities for 12 years.
  • This suspect is also accused of evading 66 billion won in taxes and engaging in drug and prostitution-related offenses.
  • The second suspect is suspected of operating a 500 billion-won gambling site that recruited students.
  • The extradition was a joint operation involving international cooperation and intelligence sharing.

Two individuals accused of operating large-scale illegal online gambling networks have been extradited from the United Arab Emirates to South Korea as part of a joint government operation. Authorities announced Saturday that the suspects were repatriated via Incheon International Airport.

One of the extradited suspects is alleged to have run an overseas gambling site worth 4.8 trillion won (US$3.14 billion) from Southeast Asia. This individual reportedly evaded arrest for 12 years, moving across multiple countries including the Philippines, Malaysia, and Cambodia. The suspect is also accused of evading 66 billion won in taxes, using drugs, and engaging in prostitution-related offenses while operating the gambling network.

The second suspect is believed to have operated a separate gambling site valued at 500 billion won, which allegedly recruited middle and high school students into illegal gambling activities.

The successful extradition was attributed to extensive international cooperation and intelligence sharing, overcoming logistical challenges posed by the Middle East conflict. The suspects were flown back to South Korea on a UAE carrier.

Authorities stated their commitment to continuing efforts to track down and arrest similar cyber gambling organizations that flee overseas, emphasizing strong determination and international collaboration.

Frequently asked questions

The suspects are accused of operating large-scale illegal online gambling networks, tax evasion, and in one case, drug and prostitution-related offenses. One suspect also allegedly recruited students into illegal gambling.

The extradition was made possible through extensive international cooperation and intelligence sharing between South Korean authorities and UAE authorities, despite logistical challenges.

One alleged gambling site was valued at 4.8 trillion won (US$3.14 billion), and another at 500 billion won.

What Happens Next

01Authorities will continue to pursue overseas cyber gambling organizations.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

Two suspects accused of running illegal online gambling networks were extradited from the UAE to South Korea.
One suspect allegedly operated a gambling site worth 4.8 trillion won ($3.14 billion) and evaded arrest for 12 years.
This suspect is also accused of tax evasion, drug offenses, and prostitution-related crimes.
The second suspect allegedly operated a 500 billion-won gambling site that involved middle and high school students.
The extradition was facilitated by international cooperation and intelligence sharing.
Authorities stated they will continue to pursue similar overseas cyber gambling organizations.

Sources

T1
2 illegal gambling network operators extradited from UAE in joint gov't operationYonhap News Agency

Related Stories

South Korea's presidential office refutes U.S. report on alleged discrimination against Coupang
3 Jul · 10:11 AM
Texas AG Investigates StubHub Over Undelivered World Cup Tickets
3 Jul · 6:56 PM
Trump pardons 11, including Clean Air Act violators
4 Jul · 12:45 AM
Cair Sues Florida Governor Over 'Baseless' Terrorism Designation
3 Jul · 8:25 PM
UK in talks with Pakistan about deporting grooming gang leader
3 Jul · 6:30 PM