Police Conduct Search and Seizure at Gangdong-gu Office Building and Official's Residence Over 11.5 Billion Won Embezzlement Case

Search and Seizure Operation Begins at 10 AM

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] The police have conducted a search and seizure related to allegations that a public official at Gangdong-gu Office in Seoul embezzled 11.5 billion KRW from the fund for waste disposal facility installation costs.

The Gangdong Police Station in Seoul began the search and seizure at Gangdong-gu Office and the suspect's residence around 10 a.m. on the 27th.

The Gangdong Police Station arrested Mr. A on an emergency basis on the 24th on charges of embezzlement in the course of duty under the Act on the Aggravated Punishment of Specific Economic Crimes and is currently investigating him. Mr. A is accused of embezzling public funds totaling approximately 11.5 billion KRW, up to 500 million KRW per day, dozens of times from around December 8, 2019, to around February 5 of last year.

It has been identified that Mr. A returned 3.8 billion KRW of the embezzled money back into the Gangdong-gu account. The whereabouts of the remaining approximately 7.7 billion KRW are unclear, but Mr. Kim is reported to have told the police that he used it for stock investments.

This content was produced with the assistance of AI translation services.