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US hands over SKorean wanted for embezzlement

Posted by arnon_k On November - 20 - 2010 ADD COMMENTS

US immigration authorities have handed over to Seoul a South Korean national wanted for a multi-million dollar embezzlement in his native country, officials said.

Chang Kul Bae, 48, was detained in California on an Interpol warrant for allegedly stealing more than 37 million from Sungkwang NB Tech Col. Ltd., the South Korean business where he formerly served as chief director.

The theft allegedly occurred on a single day in January 2003, when Bae is suspected of stealing the money in several withdrawals. He fled to the United States a year later, according to the arrest warrant.

He was caught in August, and agreed in October to voluntarily return to South Korea with a US government escort, said the US Immigration and Customs Enforcement (ICE), an investigative arm of the Department of Homeland Security.

“Removing criminal aliens is a top priority for ICE and the Department of Homeland Security,” said ICE head John Morton. “Our goal is not only to see justice served, but to protect law-abiding citizens in both of our countries.”

Jonggil Kim, the South Korean consul in Los Angeles, hailed the cooperation with US authorities in deporting Bae.

“We hope this well organized partnership between our governments will continue and eventually make huge contributions to bringing justice in both countries,” he said, cited in an ICE statement.

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