Police arrest suspected counterfeit luxury smuggling ring worth 35.5 billion won
Authorities say the group laundered 5.1 billion won and sold fakes in Dongdaemun and Myeongdong.
Police arrested a suspected smuggling ring over counterfeit luxury goods worth 35.5 billion won, authorities said.
Investigators allege the group laundered 5.1 billion won through mule accounts, then distributed the fake products in Seoul’s Dongdaemun and Myeongdong, as well as online.
Police described the operation as a combination of money movement and street and internet sales. By using mule accounts to move the money, the suspects allegedly kept the proceeds connected to the counterfeit business separate.
Officers moved to dismantle the network and made arrests as part of the investigation, targeting the counterfeit luxury operation and its distribution channels.
The latest confirmed status is that the suspects have been arrested, with the police action tied to the alleged smuggling and laundering scheme.
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