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A civic group filed a complaint against Kim Beom-soo of Kakao on charges of "hundreds of billions of won in unfair profits from coins."

Business / 김지선 / 09/14/2023 02:22 AM

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] On the 13th, a civic group filed a complaint with the prosecution against Kim Beom-soo, former chairman of Kakao, and executives of Kakao's related companies on charges of embezzlement and breach of trust using the virtual currency (virtual asset) "KLAY."

The civic group Economic Democracy 21 (CEO Kim Kyung-yul) filed a complaint against former Chairman Kim and executives of Clayton (currently Krust), an affiliate of Kakao, with a joint investigation team on virtual asset crimes at the Seoul Southern District Prosecutors' Office, on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes (embezzlement and breach of trust) and violating the Capital Market Act.

In the complaint, they raised suspicions of embezzlement, saying there were no signs of using Klaytn or Ground X for related businesses, although 150 billion won to 300 billion won was collected during the "private sale" process before KLAY, issued through Klaytn in 2018, was listed on the exchange in 2019.

In addition, former chairman Kim and officials have taken KLAYs out of the company since 2022 under the name of overseas investment projects," and used the program to manipulate transaction records for fear that a third party would know about the transaction details in the process."

"It is not a business of a company called Kakao, but it has become a den of crime where a small number of insiders share KLAYs under various names such as investment, compensation and service fees," CEO Kim said in the complaint. "These unfair gains amount to hundreds of billions of won." 

 

 

AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)

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