Suspect Park Sang-wan in 4.5 Billion Won Fraud Arrested One Day After Public Manhunt Announcement
[Asia Economy Reporter Noh Kyung-jo] Park Sang-wan (29), who was arrested on charges of investment fraud and then fled, was captured on the 19th, just one day after being publicly wanted.
The Osan Police Station in Gyeonggi announced that at around 3:50 PM that day, Park was apprehended after a chase while traveling by car on a road in Gimje, Jeonbuk.
At the time of arrest, Park was reportedly with two acquaintances.
Park is accused of posting messages online from May to September claiming "if you invest, you will earn profits," recruiting investors, and then embezzling a total of approximately 4.5 billion KRW from 52 people.
The police had arrested Park on the 16th, but the next morning, while detained in the holding cell, Park complained of pain around his ribs and requested medical treatment. He was taken to a hospital but escaped.
At that time, Park was handcuffed but had the cuffs removed to undergo an MRI scan. After entering the examination room, he suddenly exited, evaded two investigators pursuing him, and fled in a car parked in front of the hospital.
Following this, the police held a review committee the previous day and issued a public warrant for Park. However, his re-arrest was made through ongoing tracking investigations unrelated to public tip-offs. The police tracked Park traveling nationwide by vehicle and engaged in a chase on National Route 29, moving from Gunsan to Gimje.
The police plan to apply for an arrest warrant for Park once additional investigations are completed.
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The two people arrested with Park that day are his juniors, and the police believe they assisted him during his fugitive period. The police intend to investigate a total of seven accomplices, including five who provided Park with vehicles and money, on charges of aiding a fugitive.
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