A man, who managed money for North Korean leader Kim Jong-un, right, is believed to have defected in Russia and is seeking asylum in a third country. (KCNA/Reuters)
North Korean Money Manager For Kim Jong-un Defects In Russia -- CBC/Reuters
Yun Tae Hyong was a senior representative of North Korea's Korea Daesong Bank
A senior North Korean banking official who managed money for leader Kim Jong-un has defected in Russia and was seeking asylum in a third country, a South Korean newspaper reported on Friday, citing an unidentified source.
Yun Tae Hyong, a senior representative of North Korea's Korea Daesong Bank, disappeared in Nakhodka, Russia, last week with about $5.4 million Cdn, the JoongAng Ilbo newspaper reported.
The Daesong Bank is suspected by the U.S. government of being under the control of the North Korean government's Office 39, which is widely believed to finance illicit activities and was blacklisted by the U.S. Treasury Department in 2010.
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Update #1: N. Korean banker linked to slush funds flees -- AFP
Update #2: Handler of Kim Jong Un's cash defects in Russia: report -- Kyodo News Agency
My Comment: I am willing to bet that this banker does not only know where the money is coming from .... but he also knows where it is hidden.
Unless it was a matter of opportunity, picking Russia to jump is interesting.
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