'MZ Generation Organized Crime Gang Arrested for Money Laundering of Gambling Funds'
The Gwangju Metropolitan Police Agency announced on the 5th that all 62 members of an organization involved in laundering criminal proceeds from illegal gambling sites have been referred to prosecution.
They are accused of laundering approximately 36 billion KRW in proceeds earned from illegal gambling using 40 fake bank accounts at an officetel office in Seo-gu, Gwangju.
They were investigated as members of an MZ generation organized crime group in their early to mid-20s, primarily active in the Gwangju area.
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A police official emphasized, "We will continue to crack down on and block telecommunication financial fraud such as fake bank accounts," adding, "We plan to conduct even more thorough investigations into the involvement of organized crime groups.
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