Hide, find and ‘brain battle’… Where did the billionaire delinquents hide their cash?

# Case 1- Secret officetel safe

National Tax Service employees visit an officetel.

Find the safe hidden in the closet.

There are also safes that are covered with a cloth and hidden.

The safe is full of cash bundles of 50,000 won bills.

Hide, find and 'brain battle'... Where did the billionaire delinquents hide their cash?

cloth covered safe

Hide, find and 'brain battle'... Where did the billionaire delinquents hide their cash?

Confiscated 50,000 won in cash

The owner of the money closed the business while undergoing a tax audit, and even went through a disguised divorce and did not pay taxes.

Cash found inside the officetel in the employee’s name amounted to 1.4 billion won.

# Case 2 – Special secret safe in the trunk

Another delinquent vehicle.

When you open the trunk, you will see a specially designed secret safe.

Hide, find and 'brain battle'... Where did the billionaire delinquents hide their cash?

A safe in the trunk of the car

Hide, find and 'brain battle'... Where did the billionaire delinquents hide their cash?

Bundle of cash in secret safe

What was found inside the safe was 1.3 billion won worth of cash and gold bars.

These are the things hidden by delinquents, who closed down their business sites to avoid paying taxes.

# Case 3 – Cash found in medicine box

An apartment in which the common-law spouse of the delinquent resides.

When the IRS officials asked if there were any delinquents, they simply said no.

However, when the locked door was opened, the delinquent was lying in the futon.

Hide, find and 'brain battle'... Where did the billionaire delinquents hide their cash?

Cash hidden in medicine box

Inside the house, 100 million won in cash was found hidden in medicine boxes.

# In the first half of this year alone, 1.250 trillion won in arrears was collected

These are all cases in which the National Tax Service collected arrears following tracking down a large delinquent.

In the first half of this year, until June of this year alone, the amount collected through the search of over 500 people with high and habitual delinquency in this way was over 1.25 trillion won.

In the past year alone, it collected 2.5 trillion won.

The delinquents moved their property in the name of family members or acquaintances, then piled up cash and lived a luxurious life.

Sometimes, they even went through a disguised divorce to avoid tracking their residence.

In particular, recently, new financial assets such as private equity funds have been found to be used as a means of hiding assets.

Concealment methods that are becoming more and more diverse.

The National Tax Service urged citizens to actively report.

If a delinquent person contributes to tax collection by reporting the hidden property of the delinquent, a reward of up to KRW 3 billion is paid to the delinquent person.

You can file a report at the reporting center on the website of the National Tax Service (www.nts.go.kr) or at 126 (National Tax Consultation Center) without an area code.

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