Police search Shinil Group for financial fraud
(WorldNews South Korea)

By Kim Jae-heun Police searched the office of Shinil Group Tuesday as part of an investigation into an allegation the company committed investment fraud by inventing a fictitious story that it discovered the wreck of a sunken Russian warship laden with treasure off Ulleung Island, east of the peninsula. The Seoul Metropolitan Police Agency sent out 27 investigators to confiscate evidence at eight related firms including Shinil...