Former Haitai Group CEO Found Guilty
Legal World
A former business leader was found guilty Monday of embezzling corporate funds.
The Seoul Central District Court sentenced Park Kun-bae, a former chief administrator of Haitai Group, to an eighteen month prison term..
Park was indicted last November for embezzling 3.5 billion won from six Haitai subsidiaries.
"It is clear he directly or tacitly pressed the then heads of the six subsidiaries to support his embezzlement by using his corporate management power," the court said.
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