On the 5th, the prosecution indicted SK Networks Chairman Shin Shin-won on charges of violating the law on aggravated punishment for specific economic crimes (embezzlement).
The Seoul Central District Prosecutor’s Office, Part 1 of the Anti-Corruption Investigation (Director Prosecutor Jeon Joon-cheol), arrested Chairman Choi, who was arrested for raising a large amount of slush funds.
Chairman Choi is 222.5 billion won in six companies he operates, including SK Networks, SKC, and SK Telesys, in the name of promoting personal golf course business, providing false salaries to family and relatives, paying for personal capital increase, and supporting insolvent affiliates. They are accused of embezzlement or appointment.
He is also suspected of tricking a new growth engine fund into acquiring BW worth 27.5 billion won in the process of SK Telesys issuing bonds with underwriting rights (BW) in October 2012, as if he himself participated in a capital increase with personal funds.
There is also a charge of violating the Foreign Exchange Transaction Act by exchanging 1.4 million dollars worth (approximately 1.6 billion won) in the name of employees for several years, and taking 800,000 dollars worth (approximately 900 million won) of foreign currency abroad without reporting it to the competent customs office. .
Meanwhile, the prosecution confiscated and searched the office of SK Group in Jongno-gu, Seoul in connection with the charges of Chairman Choi.
The prosecution is known to have seized and searched the SK Group office to investigate whether SK Group was involved in the process of raising the slush fund by Chairman Choi.
/yunhap news
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