HONG KONG -- Macao junket boss Alvin Chau and senior executives at his Suncity Group ran a vast criminal syndicate that cheated the casino hub out of about $1 billion in tax revenue, an official indictment alleges.
Chau, the 48-year-old billionaire founder of Suncity, was arrested in November and is facing decades in prison if convicted on a slew of charges, including fraud, money laundering and illegal gambling, in the biggest criminal case to hit Macao in years. His trial is to start on Sept. 2.
