Famous singer and music producer Shin Mo is under suspicion of having engaged in gambling abroad worth tens of billions of won in Las Vegas, USA, leading the police to launch a full-scale investigation. Specific circumstances have emerged indicating that the scale of the gambling funds exceeds 5 billion won, causing a stir.
"54 Billion Won via VIP Loans"… Are There Concrete Evidence?
According to a report by TV Chosun on the 29th, the police have secured specific statements and evidence to prove Shin's gambling allegations. In particular, it has been revealed that Shin incurred a large debt to fund his gambling, and that the agency representative Cha Mo acted as a guarantor, shocking many.
The disclosed documents include an Excel file shared by Cha with company officials last June. It is reported that the file details an amount of approximately 3.82 million dollars (about 5.4 billion won) from August 2023 to January of this year, along with Shin's English name.
Records of Casino 'Marker Loans' Also Emerged
Concrete clues supporting the allegations have also been raised. The file reportedly includes the names of two hotel casinos in Las Vegas, along with the 'Marker Loans (ML)' numbers, which are short-term credit loans provided to VIP customers by the casinos.
Additionally, a review of electronic ticket records confirmed that both Shin and Cha visited Los Angeles and Las Vegas around the time the loans were issued, amplifying the suspicions.
"Completely False" vs "Paid Back Instead of Embezzling Advance"
The positions of both sides are sharply divided. Shin's side stated, "While I have visited Las Vegas for business, I have never engaged in gambling," completely denying all allegations including the casino loan records.
On the other hand, Cha's side admitted, "It is true that I paid back the money," but clarified that at the time, they were unaware it was gambling debt. Cha's side claims that "Shin embezzled 2 billion won of the performance advance for gambling, forcing me to pay it back to protect the company", indicating that the battle over the truth is likely to intensify.
The police plan to thoroughly investigate the actual gambling activities and the source of funds based on the secured intelligence, Shin's financial flow, and casino usage records.
