[Alpha Biz=(Chicago) Reporter Paul Lee] The prosecution, which has been investigating allegations of unfair support from affiliates such as the so-called "traffic tax transaction" of the SPC Group, has dismissed the family of the head of the company, including Chairman Heo Young-in (74).

According to legal circles on the 21st, the Fair Trade Investigation Department of the Seoul Central District Prosecutors' Office (chief prosecutor Lee Jung-sup) cleared Chairman Huh and others of charges of violating the Fair Trade Act on the 16th of this month due to insufficient evidence.

Chairman Huh and others were accused of intentionally increasing sales of their affiliate Samlip to maintain control of the head and take over management rights, and changing the transaction structure at the group level even though they knew the "road tax transaction" through affiliates was unfair.

The Fair Trade Commission filed a complaint with the prosecution in July 2020, accusing SPC of providing unfair profits to Samlip through traffic tax transactions in 2013∼2018.

Samlip is the only listed company in the SPC Group, with 79.6% of the total family members, including Chairman Huh. However, the prosecution judged that Samlip did not play an unfair role in the distribution process.

In addition, the prosecution indicted Chairman Huh and the family of the head of SPC Group on charges of breach of trust under the Specific Economic Crime-weighted Punishment Act on Dec. 16 last year.

In July 2020, the Fair Trade Commission also accused Huh and his family of low-cost transfer of sales networks and free provision of trademark rights, which the prosecution also found innocent.

 

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