Published : 2013-02-22 20:48
Updated : 2013-02-22 20:48
A South Korean man who embezzled more than $4.0 million and had plastic surgery to evade capture, has been arrested after a hostess bar spending spree in Seoul’s upmarket Gangnam district.
The 33-year-old, identified as Yoon, was finally tracked down after two of his accomplices were arrested, police said Friday.
The head of the accounting department at a semi-conductor manufacturer, Yoon transferred 4.7 billion won ($4.3 million) of company funds to a series of secret bank accounts, police said.
Feigning a family emergency, he left the company in early January, withdrew much of the cash, and went on a 10-day binge in Gangnam, spending hundreds of millions of won in high-class hostess bars and buying a Mercedes-Benz sedan.