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Chinese gambling site's CEO steps aside amid Japan casino scandal

Officials at 500.com suspected of bribing a Japanese lawmaker

Chinese sports gambling site 500.com's headquarters in Shenzhen.

GUANGZHOU -- The chief executive of Chinese sports betting group 500.com has temporarily stepped down amid an investigation into whether the company bribed lawmakers in Japan involved in legalizing casino gambling there.

Pan Zhengming will vacate his positions, including a seat on the board of directors, until an internal committee finishes a probe into "alleged illegal money transfers and the role played by consultants" in Japan, the company said in a statement to investors.

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