Photographer: Paul Yeung / Bloomberg
Photographer: Paul Yeung / Bloomberg
South Korean police are looking for a casino director who disappeared after her employer discovered 14.6 billion won ($ 13 million) in cash missing from the resort’s coffers.
Based in Hong Kong Landing International Development Ltd., which operates Jeju Shinhwa World, revealed in a statement on its website that it could not reach the employee who handled the casino’s funds. Landing shares in Hong Kong fell 7.6% on Monday to a record high, before returning 6.4% on Tuesday.
Jeju Shinhwa World Resort in Jeju in 2018.
Photographer: SeongJoon Cho / Bloomberg
The Jeju Provincial Police Agency confirmed that the investigation is ongoing with its anti-corruption team, but refused to elaborate. Jeju, an island off the south coast of South Korea, is a popular tourist destination dotted with casinos for foreigners only.
The employee in charge of the funds was a Malaysian citizen who did not return to work after going on holiday at the end of December, the Yonhap news agency reported. The missing funds – all in cash – would be too heavy and bulky at about 280 kilograms (£ 617) for a person to take them out of the casino, let alone transport them from the island. Police searched the casino’s surveillance cameras, but the video from when the funds could have disappeared was deleted, according to Yonhap.