Thief who stole $1.3b from Macau junket detained in Cambodia

The individual suspected of embezzling an estimated $1.3b of Macau casino junket investor funds has reportedly been detained after more than two years on the run.

In April 2014, reports surfaced that the Kimren Group – which operated VIP gaming rooms at four Macau casinos – had been the victim of an internal theft by junket representative Huang Shan. Estimates of the total sum that had gone missing ranged from HKD 8b to HKD 10b (US $1b-1.3b),

On Wednesday, the Macau Gaming Information Association (MGIA), a junket industry group formed earlier this year with a mandate to “maintain the rights of gaming investors and gaming operators,” reported that Huang had been tracked down in Cambodia.

The MGIA claimed that Huang had been transferred to Ha Long Bay in Vietnam and was being guarded by creditors’ representatives. There was no word on how much – if any – of the purloined funds had been recovered.