'2 Billion' Gangseo Officetel Jeonse Fraud...Man in His 40s Arrested

A man in his 40s was arrested for embezzling 2 billion KRW in jeonse deposits by purchasing officetels using a no-capital gap investment method in the Gangseo-gu area.

Seoul Yeongdeungpo Police Station [Photo by Yonhap News]

On the 16th, according to a comprehensive report by Asia Economy, the Yeongdeungpo Police Station in Seoul arrested a man in his 40s, identified as Mr. A, on fraud charges on the 11th and is currently investigating.

Mr. A is accused of purchasing officetels in the Gangseo-gu area in 2019 using a no-capital gap investment method and embezzling 2 billion KRW in lease deposit money from eight jeonse tenants.

A police official stated, "We are investigating additional criminal acts by Mr. A and the exact circumstances of the case," adding, "It is difficult to confirm specific investigation details."

The police have recently regarded jeonse fraud as a serious crime threatening public livelihood and are actively cracking down and investigating. From July last year over a period of 10 months, the police apprehended 2,895 suspects involved in jeonse fraud and detained 288 of them. During this process, the police uncovered 31 organizations conducting large-scale jeonse fraud operations and applied criminal organization charges under the Criminal Act to six of these groups.

Earlier, Police Commissioner Yoon Hee-geun stated, "Protecting the people and establishing economic justice is the fundamental duty of the police, and we will definitely rectify illegal jeonse practices so that ordinary citizens can use jeonse with peace of mind."

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