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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] According to police sources on the 13th, the Anti-Corruption Investigation Unit of the Seoul Metropolitan Police Agency has applied for an arrest warrant for former Chairman Lee on charges of embezzlement and breach of trust under the Specific Economic Crimes Enhancement Act on the 7th.
The pre-trial hearing for the suspect will be held at 10:30 a.m. on the 16th at the Seoul Central District Court.
Former Chairman Lee is accused of creating tens of billions of won in slush funds using group affiliates and unfairly supporting construction costs for affiliate companies through Taekwang CC.
The police also suspect that former Chairman Lee directed Taekwang CC to pay 86 million won for the construction of a golf practice range and personally used corporate cards for about 80 million won.
Taekwang Group claims that most of the allegations against former Chairman Lee were committed by former Chairman Kim Ki-yoo, who was in charge of overall group management. As former Chairman Kim faces a judicial crisis, he is shifting responsibility to former Chairman Lee.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
