Closing arguments in the case involving the former chairman of Tak Chun Group, Levo Chan, will take place on 8 March, the Macau Court of First Instance said Friday morning.
There are nine defendants in the case, with Chan named as the first defendant. He was charged with one count of criminal association, 39 counts of illegal gambling in a licensed area, 33 counts of substantial fraud, eight counts of attempted substantial fraud, one count of illegal gambling and one count of money laundering with aggravating circumstances.
The case was heard in December, with only Chan was present at several of the hearings. He has been detained in a Macau prison since his arrest in January last year.
The witnesses for both the prosecution and defense have finished their testimonies, and many of them testified that Chan used Tak Chun to run a “betting under the table” business.
Some judicial police officers also pointed out that after leaving Macau on 7 January last year, he re-entered the city through illegal channels and was arrested by police on 21 January. He had been hiding in the Waldo Hotel during that time. Police also said that Chan had transferred a large amount of money to Taiwan before his arrest.
The prosecution alleges that between April 2014 and February 2020, Chan made at least MOP$1.5 billion in unlawful profits via rolling chip turnover a total of approximately MOP$34.9 billion through “betting under the table”, thereby defrauding the Macau government and some concessionaires.
In this regard, the Macau government sought compensation of MOP$570 million from the defendant. In addition, Wynn, Sands, SJM and MGM have also sought a total of approximately MOP$130 million in damages from him.
The case will be closed on 8 March.
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