Police in Hanoi said they would hand over to South Korean authorities two fugitives who were hunted for allegedly defrauding a dozen of victims of US$9 million in their native country.
Kang Yoon Yong, 56, and his girlfriend You You Yong, 53, were arrested at a rented luxury apartment in Hanoi on May 13, police said.
The couple reportedly offered a group of South Koreans a chance to invest in a “horse racing business” and swindled approximately $9.1 million from the victims in April 2012.
They later fled South Korea and entered Vietnam. They have never returned since.
The money had been sent to an international bank account before their escape.
Interpol later issued a notice searching for the pair.
At a police station in Hanoi, the couple admitted to the fraud three years ago. Before the arrest, they had switched from one house to another in Hanoi to avoid detection.
Local police said they are completing legal proceedings before handing over the case to South Korean police.