Photographer: Paul Yeung / Bloomberg
Photographer: Paul Yeung / Bloomberg
South Korean police are looking for a casino executive woman who disappeared after her employer discovered 14.6 billion won ($ 13 million) in cash missing from the complex’s coffers.
Based in Hong Kong Landing International Development Ltd., which operates Jeju Shinhwa World, revealed in a statement on its website that it could not reach the employee in charge of the casino’s funds. Shares of Landing in Hong Kong fell 7.6% to a record low on Monday before recovering 6.4% on Tuesday.
Jeju Shinhwa World Station in Jeju in 2018.
Photographer: SeongJoon Cho / Bloomberg
The Jeju Provincial Police Agency confirmed that the investigation is underway in its anti-corruption team, but did not want to go deeper. Jeju, an island on the south coast of South Korea, is a popular tourist destination dotted with foreign-only casinos.
The employee in charge of the funds was a Malaysian citizen who did not return to work after going on holiday in late December, Yonhap news agency reported. The missing funds (all in cash) would be too heavy and bulky, about 280 kilograms (£ 617) for a person to carry them out of the casino, let alone to transport them off the island. Police secured the images from the casino’s surveillance camera, but the video of the time when the funds could have disappeared was deleted, according to Yonhap.