Saturday, June 20, 2009

WaPo on North Korea's insurance fraud

The Washington Post outlines insurance fraud allegedly perpetrated by North Korea. Some of it is downright comical:
For Kim Jong Il's birthday, North Korean insurance managers prepared a special gift.

In Singapore, they stuffed $20 million in cash into two heavy-duty bags and sent them, via Beijing, to their leader in Pyongyang, said Kim Kwang Jin, who worked as a manager for Korea National Insurance Corp., a state-owned monopoly.

Kim said he helped arrange the shipment and watched in February 2003 as the cash was packed. After the money arrived, Kim Jong Il sent a letter of thanks to the managers and arranged for some of them to receive gifts that included oranges, apples, DVD players and blankets, Kim said.

"It was a great celebration," he said.
Well, after all they did, it was nice of him to send the fruit. 

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