‘Suspected Crypto Fraudster’ Joined South Korean President’s State Visit to Saudi
A suspected crypto fraudster accompanied South Korean President Yoon Seok-yeol on a state visit to Saudi Arabia last month.
Per iNews24, media outlets in the country have discovered that the head of an unnamed crypto firm made up part of an “economic delegation” that traveled with Yoon in late October.
Yoon discussed cooperation between the two nations, and was accompanied by a group of businesspeople reportedly selected by the Federation of Korean Industries (FKI).
But the crypto firm chief, referred to as “A” by the South Korean press” is “currently being investigated by prosecutors on fraud charges.”
Upon A’s return from the visit, the crypto firm chief posted in a crypto-related chat room, reportedly writing:
“It looks like good news related to Saudi Arabia is on its way. Please be patient.”
The broadcaster SBS published details of an alleged text message conversation where A appears to have suggested they would be attending a meeting with “MBS.”
MBS, full name Mohammed bin Salman, is the Crown Prince and Prime Minister of Saudi Arabia.
KFI claimed that it had failed to “discover” that A was under investigation during the selection process as the crypto chief had applied under the name of another company.
But the federation said it would “strengthen” its “verification process” in “the future.”
A appears to have won a place on the “economic mission” by applying in the name of another of their companies.
A spokesperson for the crypto company said that it was unable to “disclose detailed information” about the reports.
But the firm disputed the veracity of the reports and claimed that some details were “untrue.”
However, opposition leaders complained that the revelations constituted a “disgrace to South Korea.”
A Democratic Party
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