‘Intentional Traffic Accident and Receipt of 70 Million Won Insurance Payment’ 30s Male Arrested
Violation of Special Act on Prevention of Insurance Fraud and Fraud Charges
The police arrested a man in his 30s who deliberately caused traffic accidents in the Gangnam-gu area and fraudulently obtained insurance money worth about 70 million won.
On the 19th, the Gangnam Police Station in Seoul announced that they had apprehended and detained Mr. A (30), who is suspected of violating the Special Act on the Prevention of Insurance Fraud, fraud, and forgery of private documents.
From February to July of this year, Mr. A caused 17 intentional accidents targeting vehicles driving the wrong way on one-way streets. He then used forged medical certificates to claim approximately 70 million won over 19 instances from insurance companies and drivers of the other vehicles involved.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
A police official stated, “Insurance fraud endangers the existence of the automobile insurance system and leads to increased insurance premiums, which ultimately burdens the general public as a whole. If you experience a traffic accident suspected of insurance fraud, you should promptly keep the black box memory chip containing the recorded footage of the accident and report it to the nearest police station.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.