According to Jeju Dongbu Police, the two allegedly snatched the bag from an intoxicated victim staggering on the street on Oct. 24.
The victim told police that jewels worth 5 million won ($4,500) and 50,000 won in cash were in the bag at the time. The designer bag itself was reported as worth about 2 million won, according to the victim.
The 20-year-old suspect, however, took the cash from the bag and threw it into the sea, as he assessed the bag and jewels as being fakes.
Investigators are preparing to send the case to the public prosecutor’s office.
By Park Ju-young (firstname.lastname@example.org)