‘Hundreds of billions of embezzle’

Input 2021.02.07 16:55

The prosecution, who is investigating the accusations of Eastar Jet’s management, such as misappropriation and embezzlement, handed over the company’s finance officer to trial.

Jeonju District Prosecutor’s Office 3rd Department of Criminal Prosecutors announced on the 7th that it had arrested Mr. A for violating the Act on aggravated punishment for specific economic crimes (allegation, embezzlement) and embezzlement in business.



Lee Sang-jik, a member of the Democratic Party, along with the beneficial owner of Eastar Jet (left) and Eastar Jet’s headquarters in Gangseo-gu, Seoul (right). /yunhap news

Mr. A is accused of selling about 5.2 million shares (about 54 billion won) of Eastar Jet shares held by Eastar Jet Group affiliates to a specific affiliate for about 10 billion won, and inflicting about 43 billion won to the company in December 2015. .

In addition, it is also suspected of inflicting about 6 billion won in damages by arbitrarily raising or downgrading the bond value of Eastar Jet Group affiliates in 2016-2019 and repaying the debt early.

In addition, the prosecution explained that Mr. A arbitrarily used about 3.8 billion won of funds from Eastar Jet affiliates from 2015 to 2019.

The prosecution is widening the investigation network by seeing that Mr. A committed a crime with Eastar Jet’s management.

A is a relative of the independent lawmaker Lee Sang-jik, the founder of Eastar Jet, and it was found that the company was in charge of managing the funds.

The prosecution has been conducting investigations by analyzing evidence secured through the seizure and search of Eastar Jet and calling relevant people to investigate.

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