Jeju Shinhwa World Casino Heist: Suspect in ‘Evaporated’ $13M Detained

South Korean authorities make detained and reluctantly released a major suspect inwards the 2021 robbery of Landing International’s Jeju Shinhwa World casino on the island resort hotel of Jeju.

A Chinese national, identified only when past Korean media past his lastly call “Wu,” or “Woo,” was intercepted at Incheon Airport, which serves Seoul.

Wu, a casino junket operator, arrived on a flight of steps from Dubai on November 2. Jeju authorities considered him a runaway and had requested an Interpol Red Notice. But Shanghai dialect appears to have returned to South Dae-Han-Min-Gook voluntarily.

‘The Evaporation Case’

When the tantamount(p) of US$13.38 jillion in South Korean currency simply disappeared from a safe at Jeju Shinhwa World inwards January 2021 it was dubbed the “14.5 one million million won evaporation case” by local media.

Shinhwa World is an tremendous casino resort hotel destination, comprising hotels, several motif parks, a waterpark, and a K-Pop themed amusement center. It opened in 2018.

News of the missing money caused Landing’s shares to launch 7.6 percent on the Hong Kong Stock Exchange.

At first, the robbery mystified natural law enforcement, because such a big amount of hard cash would live profound and exceedingly hard to transport.

Security picture corresponding to the time of the theft had been erased. Around 291,200 case-by-case banknotes were missing, apiece worth 50,000 won ($38). That would press inwards at to a greater extent than 617 lbs. Police suspected at least ii perpetrators were mired because of the massiveness of the cash.

And the difficulty of transporting it undetected via airports or seaports led them to believe the money was likely relieve on the island. But where?

Inside Job

The gap inwards the pillowcase came when Jeju cops looked into Lim Mo, 56, a female person Chinese Bahasa Melayu executive director who managed monetary resource at the casino. She had gone on holiday before Noel and was at present incommunicado.

Lim was one of simply a smattering of executives who had keys to the safe from which the money went missing.

When police searched the casino, they discovered that to the highest degree of the missing money had simply been transferred from the casino’s safe to another common soldier safe closemouthed by, rented by Wu.

Police believe Lim and Shanghai dialect conspired to run the tantamount(p) of around US$6.5 million into Wu’s safe. They also opine Lim instructed another conspirator, identified only when as Mr. Oh, to run another US$3.7 meg to accommodation in Jeju city where she was staying. This has also been recovered.

It’s believed the residuum of the cash, around US$750,000, was remitted overseas past Oh, a currency exchange worker, who was arrested shortly after the robbery.

Court Scuttles Arrest

Wu denies any wrongdoing, according to Korean press. He claims the money transferred to his safe is his have and was obtained through and through gambling. He said he went overseas for “personal reasons and non for the design of evading the investigation.”

Wu is non currently in custody after a adjudicate turned downwardly the Jeju Police Agency’s stay stock warrant application on the grounds that it is possible that it’s his money.

Landing International says it’s not.

Lim remains a fugitive from justice on an Interpol Red Notice and is believed to be in Dubai.

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