TechFlow, on October 15, the official WeChat account of CCTV published an article exposing details of the special investigation into the Wa family criminal group in Kokang, northern Myanmar. It revealed that the Weisheng Industrial Park operated by the Wa family has turned to telecom fraud under the guise of so-called "financial investment and wealth management," using concepts like "trust funds" or "blockchain projects" as financial cover for their scams.
According to the investigation, suspect Kang admitted that with this new fraud model, a single gambling operation could generate profits exceeding one billion yuan. In Myanmar, operations involving tens of millions of yuan are considered "small-scale," while large-scale ones reach at least several billion yuan.
Zhang Hanyi, Deputy Director of Quanzhou Municipal Public Security Bureau in Fujian Province, said that the amount of fraud uncovered so far is nearly 60 billion yuan, with casino-related transaction volumes reaching approximately 100 billion yuan. He added, "What we've uncovered now is only part of it; we can't fully investigate everything due to objective limitations abroad."
Currently, all cases involving the "Four Major Families" criminal groups in Kokang, northern Myanmar, have entered judicial procedures.
