20 billion was laundered pretending to be a gift certificate transaction...Five people, including former police, are charged.

The Seoul Western District Prosecutors' Office has put five company officials on trial, including arresting a former police officer, CEO of a gift certificate company, on charges of laundering the proceeds of voice phishing crimes under the guise of trading gift certificates.

Mr. A and others are accused of turning 20.8 billion won in criminal proceeds brought by voice phishing organizations into cash over 120 times in four months from July last year and disguising it as a legitimate gift certificate transaction.

Mr. A is a retired police officer and has worked for 10 years in the intelligence team of the front-line police station.

The prosecution raided the company's office on the 22nd of last month, arrested three people, including A, and seized 2 billion won in cash and 800 million won worth of gift certificates.