The Korea Herald

지나쌤

Right-hand man says his boss died in 2011

By 원호정

Published : Dec. 16, 2015 - 20:20

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The right-hand man to the mastermind behind South Korea's largest pyramid scheme said Wednesday that his former boss has died.

Kang Tae-yong told reporters that his boss, Cho Hee-pal, died in 2011 and he witnessed it.

Cho was rumored to have died from cardiac arrest there four years ago, though his death had not been verified so far.

Kang made the comment as he arrived in the district prosecutors' office in the southeastern city of Daegu for questioning from the eastern Chinese city of Nanjing.

The extradition came two months after South Korea asked China to arrest Kang, who faces nearly 30 charges, including embezzlement and fraud.

Kang is accused of swindling about 4 trillion won (US$3.5
billion) from an estimated 40,000 people between 2004 and 2008, along with his boss, Cho Hee-pal.

The two suspects fled to China in 2008.

Last year, prosecutors re-opened their probe into the scheme. (Yonhap)