Man Arrested for Handing Over Forged Checks Worth 100 Trillion Won Claiming to Repay Debt

[Asia Economy Reporter Gong Byung-sun] A man who handed over forged checks worth 100 trillion won claiming he would repay his debt was arrested by the police.

On the 10th, Seoul Hyehwa Police Station announced that they have booked and are investigating Mr. A (67) on charges of forging and using forged securities.

It was investigated that Mr. A issued forged cashier's checks with a face value of 103.9 trillion won to victims in Jongno-gu, Seoul, in April and June of this year as collateral for debt repayment. Last month, during a voluntary accompaniment to the police, Mr. A denied the charges saying "It was taken away" and reportedly fled.

The police obtained arrest and communication warrants and tracked Mr. A in real time by analyzing over 200 CCTV cameras at suspected hideouts, as well as his mobile phone call records. Through this, the police arrested Mr. A on the 4th in Dongdaemun-gu, Seoul, while he was moving between hideouts.

A police official stated, "Mr. A has been detained and will be transferred to prosecution soon."

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