Police bust $1.1 bln gambling ring in China

Chinese police have busted an international gambling ring, arresting 56 suspects in the Jiangsu Province, Xinhua reports.

The online gambling platform had been opened in the Philippines and had more than 114,000 users, involving around RMB 7.8 billion ($1.1 billion), according to reports.

Police reportedly launched an investigation into the gambling ring in January 2016 after receiving information about a gambling website.

50 suspects had been arrested in Shanghai and Fujian, Zhejiang, and Guangdong provinces, the remaining six returned to China from the Philippines and presented themselves to police.