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International school in Seoul raided over alleged fraud
By Korea HeraldPublished : Nov. 19, 2015 - 14:27
The Seoul Central District Prosecutors’ Office on Thursday said it has raided the Seoul branch of a British international school for suspected embezzlement of billions of won.
The prosecution searched Dulwich College Seoul located in Banpo-dong, southern Seoul, on Monday and seized operation logs and bank accounts for scrutinizing the school’s expenses.
The school is reportedly suspected of establishing a paper company abroad to embezzle the school funds.
The Seoul branch of Dulwich opened in 2010 and offers elementary, middle and high school education. Annual tuition reportedly reaches around 30 million won ($25,790).
Prosecutors are currently analyzing the documents and plan to summon school officials for questioning.
(From news reports)
The prosecution searched Dulwich College Seoul located in Banpo-dong, southern Seoul, on Monday and seized operation logs and bank accounts for scrutinizing the school’s expenses.
The school is reportedly suspected of establishing a paper company abroad to embezzle the school funds.
The Seoul branch of Dulwich opened in 2010 and offers elementary, middle and high school education. Annual tuition reportedly reaches around 30 million won ($25,790).
Prosecutors are currently analyzing the documents and plan to summon school officials for questioning.
(From news reports)
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