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Korean casino spree organizer gambles firm’s money away

By: - Reporter / @jgamilINQ
/ 06:00 AM May 17, 2013

INQUIRER FILE PHOTO

MANILA, Philippines—The temptation to gamble must have been too hard to resist for a Korean casino junket employee who ended up losing more than P13 million of his company’s money.

Shin Yun-jae, manager for casino junket operator Pink Dolphin, now faces a qualified theft complaint, after he admitted that he stole P13.5 million from his company’s vault.

After taking the money, he went on a gambling spree at a casino in Resorts World Manila in Pasay City.

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“Casino junkets” are casino trips or tours organized by an operator for regular gamblers.

Chief Supt. Rodolfo Llorca, Pasay police chief, said that the suspect “abused the trust and confidence [placed in him] by his company….”

After he lost the money through gambling, Shin confessed to his superiors on Tuesday evening.

After conducting its own investigation, Pink Dolphin, represented by complainant Kim Sang-yoon, turned over the suspect to arresting officer SPO1 Fraulz Paduga on Wednesday.—With Alex Austria

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TAGS: Crime, gaming and casinos, Korea, Philippines, Shin Yun-jae, theft
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