Young gang members, including those affiliated with the Gwangju underworld, have been apprehended in South Korea for money laundering. The prosecutors have brought charges against 34 individuals, accusing them of laundering 10 billion won ($7.7 billion) acquired from illegal online gambling activities. The culprits managed to cash out 10.7 billion won from bank accounts opened under false names prior to their arrest.
The five individuals facing charges are linked to the Gwangju-based criminal organization known as Gukje PJ-pa. Among them is a 23-year-old man accused of providing his personal data to facilitate the fraudulent activities of his syndicate accomplices. In return, he received monthly payments ranging between 1 and 1.5 million won. The syndicate utilized approximately 86 fictitious accounts for their money laundering operations.
Upon conducting searches at the residences of the detainees, the police discovered 345 million won in cash, along with gold jewelry and luxury watches.
