The Courtroom of the First Occasion has sentenced Macau’s second strongest junket boss, Levo Chan, to 14 years in jail. [Image: Shutterstock.com]
When Macau authorities arrested Alvin Chau in November 2021, it left chairman of the Tak Chun Group Levo Chan Weng-Lian because the China Particular Administrative Area (SAR)’s strongest junket boss till his arrest late final yr.
Now, nonetheless, Chan will spend the subsequent 14 years in jail, after the Courtroom of First Occasion sentenced him Friday. In January, the courts convicted Chau of over 100 costs and handed him an 18-year jail time period.
Chan’s lesser jail time period displays his 34 convictions, which included cash laundering, fraud, legal affiliation, and masterminding an illegal multi-billion-dollar playing ring.
concerned in unlawful actions totalling S$6bn (US$4.5bn)
In line with the Hong Kong Normal, Chan, who’s married to Taiwanese actress Ady An, was concerned in unlawful actions totaling S$6bn (US$4.5bn) of which Chan pocketed around S$267m (US$200m).
With China’s anti-corruption sweep displaying no signal of letting up, the Macau authorities additionally just lately revealed new rules for the playing business. What might concern the likes of Wynn Macau and Sands China is that the renewed concessions are topic to elevated authorities supervision.