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KOSDAQ listed company that attracted investment by spurious export performance was discovered. The damage eventually went to thousands of minority shareholders, and even a recorded file was found that conspired for fraudulent accounting.

Reporter Jeon Hyeong-woo reported.

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Mr. A, the CEO of a KOSDAQ listed company, prepared documents as if a local subsidiary in the Philippines exported 44 billion won.

They created a fake email account and disguised themselves as sending and receiving emails with foreign account managers.

They held a meeting and spoke up when the auditors suspected the computer IP for which export documents were forged.

[Company CEO Mr. A: What's that, what's that, what's coming out before, these guys are coming in (computer) IP investigation.]

[CFO Mr. B: We weren't there. Never (say) do it. It won't help.] When the

CEO was concerned about legal issues, the executive in charge of finance reassured that everything would be solved by passing audits well.

[CFO B: I am not in a situation to worry about the subsequent risk. That's so stupid. Really. Whether or not there is a legal issue (legal issue), it is over once the audit report comes out.]

Thanks to the careful inflation of sales, this company attracted an investment of KRW 37 billion, and at the end of the year it became a'next-generation growth company' sponsored by the Ministry of Industry. He was elected and received the Prime Minister Award.

[Yijaehui / Seoul Main Customs Foreign Exchange Investigation Division Investigation Team: Because after the disclosure to turn around the third quarter earnings are capital increase been made investors (invested) reported that the bright prospects of the company]

Then seed A day Has taken over 53 billion won from the stock market to Hong Kong, the Philippines, and Canada.

The Korea Customs Service handed over these gangs to the prosecution on charges of forgery of private documents, but the representative, the representative's younger brother and son-in-law, who led the crime, have fled overseas.

This company was eventually delisted last year, and some 6500 minority shareholders suffered a total damage of 140 billion won.

(Video coverage: Kim Heung-sik, video editing: Lee Jae-seong)