Mirage gambler faces charges

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Wednesday, Oct. 30, 2002 | 11:16 a.m.

SEOUL, South Korea -- A former construction company chairman was indicted on charges of violating the nation's foreign exchange control law, the Seoul District Public Prosecutors' Office said, the Korea Herald reported.

The newspaper said Kim In-tae, ex-chairman of Kyongnam Construction Co., is suspected of borrowing $800,000 from The Mirage hotel-casino in Las Vegas on three occasions between 1995 and 1997 to gamble at the hotel's casino.

Kim is accused of violating a foreign exchange law that requires Koreans to obtain permission from foreign-exchange authorities when they borrow dollars in excess of a permitted amount.