Police in Vietnam arrested a Chinese man who was believed to have been running an online gambling site worth more than $60 billion has been arrested

The man, surnamed Zhou, is wanted by the Chinese government on suspicion of operating an online casino, the Shanghai Daily reported.

Zhou, who was born in 1969 in Wenzhou in the Zhejiang province, reportedly set up an online gambling site in 2011 with his accomplices. The site was built using capital of 400 billion yuan (US$61.77 billion) and made a profit of 580 million yuan (US$89.6 million) when it was in operation, according to the report.

Two years ago, the International Criminal Police Organization issued a red notice for Zhou, who has fled the country. A year later, the Chinese Ministry of Public Security sent a request to its counterpart in Vietnam to arrest Zhou.