Korean State Lottery Fraud

The Korean State Lottery (KLS) is being investigated by the country's lawmakers on accounts of fixing commissions and manipulating winning figures to make it more attractive to players. The Korean Herald reports that the nationa's audit bureau is investigating claims that the lottery operator received preferential treatment from the Government that allowed it to cream of large sums in unearned commissions. The KLS apparently took 9.523% of the revenues in commission, which is way above the average of 3% - 4% taken in other countries. The Board of Audit and Inspection (BAI) also declared that is was suspicious of the number of winners. For example there were around 3,140,000 prize winners in 2003, whereas the probability of winning a prize was 2,650,000.

- 29/9/05