Photographer: Paul Yeung / Bloomberg
Photographer: Paul Yeung / Bloomberg
South Korean police are searching for a female casino manager who disappeared after her employer won $ 14.6 billion ($ 13 million) in cash missing from the resort’s coffers.
Hong Kong-based Landing International Development Ltd., which operates Jeju Shinhwa World, announced in a statement on its website that it could not reach the employee in charge of the casino funds. Landing’s shares in Hong Kong fell 7.6% to a record low on Monday before recovering 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 against his corruption team was ongoing, but did not want to elaborate. Jeju, an island off the south coast of South Korea, is a popular tourist destination with casinos available only to foreigners.
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, reports the Yonhap News Agency. The missing funds – all in cash – would be too heavy and bulky at about 280 kilograms (617 pounds) to transport one person from the casino, let alone transport them from the island. According to Yonhap, the video secured camera footage from the casino, but the video was removed from the time the funds may have disappeared.