EnergyWatch

ABB exec steals USD 100 million and disappears

Head of finances in the industry conglomerate's South Korean subsidiary has seemingly run away with approximately USD 100 million.

Photo: ABB

A very special case has hit Swedish-Swiss industry giant ABB, as an employee of the company's South Korean subsidiary has disappeared and apparently taken USD 100 million with him.

This employee is the head of finances in South Korea who – allegedly along with one or more parties outside of the company – is suspected of fabricating fake documents and stealing USD 100 million from ABB.

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