A junket promoter who allegedly embezzled his customer’s HK$1 million in a local casino in October was arrested by the Judiciary Police on Wednesday.

The 48-year-old Korean victim reported to police the same day after bumping into the suspect, a 39-year-old Korean surnamed Chung, outside the casino in Taipa where they went to gamble on October 14.

The Korean junket promoter, police spokesman Choi Iat Peng said, had accompanied the victim to gamble in the casino where he later won HK$1 million.

The 48-year-old merchant asked the suspect to send the lump sum to his bank in Korea by giving him his account number on that day.

The victim stayed in Macau and on October 19 when he rang the bank, he had been told no such remittance was received, Mr Choi said.

The suspect could not be reached ever since until Wednesday afternoon when the victim bumped into him on the street.

Mr Choi said the suspect admitted to police he had embezzled the lump sum and lent it to another Korean customer for gambling.

The 39-year-old will be transferred to the Public Prosecutions Office today and charged with abusive use of credibility.

Courtesy: Macau Daily Times

• Wynn Bets on Macau, Says Obama Damps Vegas Outlook Billionaire Steve Wynn said he will build a third resort in Macau while skipping potential opportunities in Las Vegas because the Obama administration’s policies “do not encourage investment.” Wynn, chairman...
• SJM Leads Macau Casino Stocks Higher on Plan to Limit Expansion SJM Holdings Ltd., the Macau casino operator controlled by billionaire Stanley Ho, led Hong Kong- listed gambling companies higher as analysts said they would benefit from a plan to limit...
• Macau News August 2007 Macau imports rise 16 percent During the first five months of 2007, the value of Macau's imports grew 16.9 percent to MOP 16.45 billion, according to the Statistics and Census...

• NBC may give Conan O'Brien $40 million to go away NEW YORK -- Conan O'Brien is reportedly close to signing a $40 million deal to walk away from "The Tonight Show" and end a weeks-long controversy between the late-night host...
• China tops U.S. as largest auto market in ’09 [/caption] Beijing total vehicle sales hit 13.6 million — a 45 percent growth over 2008 BEIJING - China overtook the United States as the biggest auto market in 2009 and...
• Crown Casino Aims To Sue Ex High-Roller Client Re $50m Australian casinos do not like clients and former clients who owe them money. Punters er readers might remember a Mr Harry Kakavas aka 'King Of Hedges Avenue', who won big...