Authorities on Jeju Island, South Korea say they have tracked down the majority of KRW14.56 billion (US$13.4 million) reported missing last week by integrated resort operator, Landing International Development Ltd.
According to a report by Yonhap News Agency, police have so far discovered a little over KRW12 billion (US$11 million) of what it assumes is part of the stolen cash, including KRW8.15 billion (US$7.4 million) found in a safe within a VIP room at Landing Casino and KRW4 billion (US$3.7 million) at the residence of the chief suspect.
That suspect is a 55-year-old female executive working at Landing Casino, located within Jeju Shinhwa World, who failed to return to work after going on vacation late last year and is yet to be located.
“All the retrieved money is cash in new 50,000-won bills,” a police representative said. “The possibility of other accomplices being involved in the theft cannot be ruled out.”
Police have identified a “30-something Chinese national” as one accomplice with both he and the Malaysian executive believe to have left the country.
Landing revealed last week that it had discovered the funds were missing on Monday 4 January 2021.
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