S. Korean police arrest man after Gangnam style binge
Published on Feb 22, 2013 1:07 PM
SEOUL (AFP) - A South Korean man who embezzled more than US$4 million (S$4.95 million) dollars and had plastic surgery to evade capture, has been arrested after a hostess bar spending spree in Seoul's upmarket Gangnam district.
The 33-year-old, identified as Yoon, was finally tracked down after two of his accomplices were arrested, police said Friday.
The head of the accounting department at a semi-conductor manufacturer, Yoon transferred 4.7 billion won (S$5.32 million) of company funds to a series of secret bank accounts, police said.
Feigning a family emergency, he left the company in early January, withdrew much of the cash, and went on a 10-day binge in Gangnam, spending hundreds of millions of won in high-class hostess bars and buying a Mercedes-Benz sedan.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here