Police have apprehended a man in his 50s, identified as A, the owner of a jewelry shop in Jongno-gu, Seoul, who went into hiding after allegedly taking gold and cash from customers. He was arrested in Seoul on charges including fraud under the Act on the Aggravated Punishment, etc. of Specific Economic Crimes, and police have requested an arrest warrant.

The pre-arrest interrogation for suspect A is scheduled to be held this afternoon (July 13) at the Seoul Central District Court.

The case first came to light when a complaint was filed with the Seoul Hyehwa Police Station on June 3, and it was subsequently publicized through SBS reports. Recognizing the gravity of the situation, the Seoul Metropolitan Police Agency transferred the case to the Financial Crime Investigation Unit of the Metropolitan Investigation Division to conduct a thorough investigation.

So far, it has been confirmed that there are over 140 victims, with the total damages estimated to be at least 10 billion won.

The police plan to question A to determine the exact circumstances of the crime.