China police bust $46.2m online gambling ring

Police in China’s central Hunan Province have detained 19 alleged members of an online gambling gang, in which more than 300 million yuan ($46.2 million) was believed to have changed hands, according to Xinhua.

Authorities have frozen more than 200 bank accounts, and confiscated 11 limousines and over 100 computers in their three-month investigation, the report said, citing a statement from the city government.

The activities came to light in January, when two residents in Liudi informed police that they had lost money on an illegal lottery website. One of them had lost more than 80,000 yuan in just five days.

The operators of the scam first used servers and financial management systems in Malaysia, and then transferred to the Philippines following a government crackdown.