The man who stole $1.3b in casino junket investor funds two years ago is promising to do whatever he can to repay those victimized by his theft.
In April 2014, Macau’s casino industry was rocked by reports that Huang Shan, a shareholder in the Kimren Group junket operation, had absconded with an estimated HKD 10b of investor funds. This week, word spread that Huang had been detained in Cambodia and transferred to Vietnam, where he was being held.
Word has now come out that Huang has issued a statement expressing his “late, sincere apology to my friends from all sectors that suffered from the loss.” Huang invited those he defrauded to travel to Ha Long Bay in Vietnam to discuss arrangements for repayment of the stolen funds. Huang promised to “spend all my revenues generated from [his Vietnam projects] to repay all my debts.”
Huang was reportedly tracked down by the Inspector Javert-like determination of three men working for the Heng Sheng Group junket operation. Heng Sheng released two photos of Huang, including one of Huang holding a copy of his Chinese-language statement.