Professor Kyung-Shim Chung of Dongyang University is attending the first trial sentence held at the Seoul District Court in Seocho-gu, Seoul on the 23rd. Reporter Woo Sang-jo
Regarding the allegations of corruption in private equity and embezzlement in related business by Professor Kyung-Shim Chung of Dongyang University, the first trial judged that “it is difficult to say that it was proved without a reasonable doubt.” Professor Jeong conspired with Cho Bum-dong, former Minister Cho’s 5th village nephew from March 2017 to September 2018, and paid 150 million won in the name of false consulting fees from private equity manager Co-Link Private Equity (Co-Link PE). You are being charged with embezzlement.
Part 25 of the Seoul Central District Court’s Criminal Agreement (Deputy Judge Lim Jeong-yeop Kwon Seong-soo, Kim Sun-hee) said at the sentence of Prof. “He said.
The judiciary said, “Professor Jeong was interested in receiving the proceeds agreed by Mr. Cho, knew that he received the payment through a false consulting contract, but thought it was possible because it was an investment income, and arranged or actively urged Cho Beom-dong to be embezzled. We have synthesized the difficult points that do not correspond to ”
Regarding the alleged purchase of WFM stocks worth 713 million won on and off the market after receiving undisclosed information from Mr. Cho around January 2018, he said, “In the case of over-the-counter purchases, the evidence is insufficient, so we judged as innocent. In January, June, and November, the charges of violating the Capital Market Act due to the use of undisclosed important information were guilty.”
In addition, for the purpose of evading property registration obligations and blank trust obligations under the Public Officials Ethics Act from July 2017 to September 2019, when former Minister Cho was the chief civil servant, financial transactions such as deposits and withdrawals were made for a total of 790 times using six borrowed accounts of three persons. Regarding one of the charges (violation of the Real Name Financial Law), he said, “I think it was intended to cover up the details of the property,” and said, “Professor Jeong is convicted of borrowing other people’s accounts to conduct financial transactions.”
Reporters Eunbin Kim and Gayoung Lee [email protected]