President Kim Jeong-soo, who is accused of stealing funds from KOSDAQ-listed Reed, who received investment from Lime Asset Management, was arrested.
The Seoul Southern District Court's deputy chief judge for warrant warrant issued a arrest warrant filed by prosecutors that day, saying, "I have fled and feared to destroy the evidence."
President Kim was submerged while undergoing prosecution investigations related to Reid's embezzlement, and was arrested after surrendering to the prosecution on the 6th.
Kim, a real owner of KOSDAQ-listed Reed and one of the four key “chairmen” in the Lime crisis, is accused of embezzling Reid's funds of 44 billion won in 2018.
(Photo = Yonhap News)
Kim Jong-soo's lead, arrested for'alleged embezzlement of 44 billion won'… "The fear of destroying evidence"
2020-07-08T19:39:13.786Z
President Kim Jeong-soo, who is accused of stealing funds from KOSDAQ-listed Reed, who received investment from Lime Asset Management, was arrested. The Seoul Southern District Court's deputy chief judge for warrant warrant issued a arrest warrant filed by prosecutors that day, saying, "I have fled and feared to destroy the evidence."
Source: sbskr