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HomeCasinoJeju Shinhwa World On line casino Heist: Main Suspect Detained

Jeju Shinhwa World On line casino Heist: Main Suspect Detained


Posted on: November 15, 2022, 06:57h. 

Final up to date on: November 15, 2022, 07:29h.

South Korean authorities have detained and reluctantly launched a significant suspect within the 2021 theft of Touchdown Worldwide’s Jeju Shinhwa World on line casino on the island resort of Jeju.

Jeju Shinhwa World Casino
Enter the Wu: The suspect, heart, is escorted by police at Incheon Worldwide Airport after arriving off a flight from Dubai. (Picture: Daum News1)

A Chinese language nationwide, recognized solely by Korean media by his final identify “Wu,” or “Woo,” was intercepted at Incheon Airport, which serves Seoul.

Wu, a on line casino junket operator, arrived on a flight from Dubai on November 2. Jeju authorities thought of him a fugitive and had requested an Interpol Crimson Discover. However Wu seems to have returned to South Korea voluntarily.

‘The Evaporation Case’

When the equal of US$13.38 million in South Korean forex merely disappeared from a protected at Jeju Shinhwa World in January 2021, it was dubbed the “14.5 billion gained evaporation case” by native media.

Shinhwa World is a gigantic on line casino resort vacation spot, comprising resorts, a number of theme parks, a waterpark, and a Ok-Pop themed leisure heart. It opened in 2018.

Information of the lacking cash induced Touchdown’s shares to plunge 7.6% on the Hong Kong Inventory Change.

At first, the theft mystified regulation enforcement, as a result of such a lot of money could be heavy and exceedingly troublesome to move.

Safety video equivalent to the time of the theft had been erased. Round 291,200 particular person banknotes had been lacking, every value 50,000 gained ($38). That may weigh in at greater than 617 lbs. Police suspected no less than two perpetrators had been concerned due to the bulkiness of the money.

And the problem of transporting it undetected through airports or seaports led them to imagine the cash was possible nonetheless on the island. However the place?

Inside Job

The break within the case got here when Jeju cops appeared into Lim Mo, 56, a feminine Chinese language Malaysian govt who managed funds on the on line casino. She had gone on trip earlier than Christmas and was now incommunicado.

Lim was one in every of only a handful of executives who had keys to the protected from which the cash went lacking.

When police searched the on line casino, they found that a lot of the lacking cash had merely been transferred from the on line casino’s protected to a different personal protected shut by, rented by Wu.

Police imagine Lim and Wu conspired to maneuver the equal of round US$6.5 million into Wu’s protected. Additionally they suppose Lim instructed one other conspirator, recognized solely as Mr. Oh, to maneuver one other US$3.7 million to lodging in Jeju metropolis the place she was staying. This has additionally been recovered.

It’s believed the rest of the money, round US$750,000, was remitted overseas by Oh, a forex change employee, who was arrested shortly after the theft.

Courtroom Scuttles Arrest

Wu denies any wrongdoing, in accordance with Korean press. He claims the cash transferred to his protected is his personal and was obtained by playing. He stated he went overseas for “private causes and never for the aim of evading the investigation.”

Wu is just not at the moment in custody after a choose turned down the Jeju Police Company’s arrest warrant utility on the grounds that it’s potential that it’s his cash.

Touchdown Worldwide says it’s not.

Lim stays a fugitive on an Interpol Crimson Discover and is believed to be in Dubai.

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