Investigators Uncover Kim Jung-Un’s Slush Funds – Worth Billions
While his people are starving Kim Jung-Un has socked away billions of dollars in secret accounts.
South Korea and US investigation turned up as much as $5 billion in slush funds owned by North Korean dictator Kim Jung-Un.
Business Insider reported:
A huge network of secret slush funds owned by North Korean leader Kim Jong-un have been discovered during a joint US-South Korea investigation, Seoul-based newspaper Chosun Ilbo reports.
As much as $5 billion linked to Kim was found in foreign bank accounts in other people’s names, the paper reported. Intelligence agencies reportedly believe that North Korean accounts exist in Austria, China, Lichtenstein, Luxembourg, Russia, Singapore and Switzerland.
“Since the launch of the Lee Myung-bak administration in February of 2008, South Korea and the U.S. have been tracking more than 200 North Korean accounts that appear to be linked weapons of mass destruction and export of drugs, counterfeit money and cigarettes,” one diplomatic source told the newspaper.
Another source elaborated on the scheme, saying that “the regime uses minor banks that are relatively less stringent in screening their account holders or opening accounts using the names of foreigners or companies.”
What a shock.