The CEO of an investment company who took hundreds of billions of won from hundreds of people in the name of investment in a venture company was caught by the police after 20 years of fleeing overseas.



According to the National Police Agency today (5th), the police conducted a joint investigation with the Chinese Ministry of Public Security and arrested Kim (52) in Harbin, China, and repatriated him to South Korea on May 20th.



Police officers working at the Korean embassy and consulate in China obtained intelligence that there were Koreans engaged in fraudulent activities against the residents of Shenyang and arrested Kim.



From May to December 2001, Kim served as the CEO of Ace Venture Capital (Ace VC) and is accused of stealing 430 billion won from hundreds of people with accomplices.



It is said that he fled to China at the end of that year and even married and lived there.



A police official said, "When I caught Kim on suspicion of fraud against a Korean citizen, he was a wanted person for the incident 20 years ago."



Kim, a graduate of Seoul National University's engineering college, is known to have received the title of CEO when he was negotiating an acquisition with another company in recognition of his work ability after joining the company as an employee.



A police official said, "Mr. Kim is so-called 'Chief Barge', and the accomplices were caught and arrested earlier." The new recruits have passed over," he said.



Ace Venture Capital Co., Ltd. is still introduced as a financial investment company established in 2000 on some websites such as job portals.



The website address and office phone number are listed, and the number of employees is shown as 4, but when you click on the address, a message 'Cannot connect to the site' appears, and when you make a call, a voice guidance saying 'No number' comes out.



(Photo = provided by Yonhap News TV, Yonhap News)