Dubai-based German fraudster Stephan Morgenstern, who was arrested in August 2023 in Tirana, will finally be extradited to South Korea where he faces a life sentence.
The 61-year-old and his associates have seized assets and bank accounts estimated at 123 million euros, which investigators now say is not even a third of their income through fraud.
Interpol and relevant prosecutors from five countries working together have jointly asked UAE authorities in recent days to freeze his assets worth millions in Dubai, while the hunt for his fugitive partner Roman Ziemian continues.
Stephan's wife and their accomplices are now under investigation for concealing stolen assets created through fraud.
In December 2022, Stephan Morgenstem was arrested in Greece while trying to board a flight to Dubai, while a Greek court ordered him under 'house arrest'.
Stephan managed to escape to Albania and hid until his arrest at Rinas airport, where he was waiting for his wife who had arrived on a flight from Dubai.
Sources at their embassy confirm that South Korean prosecutors have issued a new warrant adding the names of known associates of Stephan Morgenstern, his wife and a circle of close friends after investigators established their participation in a cover-up scheme. of stolen funds and assets.
During his arrest in Tirana for "Fraud under serious circumstances" it was discovered that Stephani has bought a beautiful villa on the outskirts of Tirana.
The arrest warrant also seeks the seizure of real estate, luxury cars and various investments derived from criminal proceeds, and a travel ban was sought for their passports, the warrant was sent to Interpol and is awaiting approval and execution.
The new investigation has uncovered a large-scale criminal conspiracy to harbor and hide the proceeds of crime, as well as to "delete unclear records and information to mislead justice," according to a US embassy source.
The new prosecution measures are awaiting confirmation by Interpol in the coming weeks. The direct effects include freezing assets, confiscating property, controlling various countries and collecting their communications with relatives and friends residing in the UAE.
Post a Comment