Hyosung Group Honorary Chairman Cho Seok-rae, who was sentenced to imprisonment in the second trial on charges of evading taxes in the range of 130 billion won, was exempted from arrest.
The third part of the Supreme Court (Presiding Judge Roh Tae-ak) remanded some of the court's judgments, which were convicted in the appeal of Honorary Chairman Cho, handed over to the trial for violations of the Special Act, with the effect of not guilty. I sent.
Hyosung Chairman Cho Hyun-joon, the son of Honorary Chairman Cho, was sentenced to two years and six months in prison and a three-year probation court was confirmed.
Honorary Chairman Cho is under suspicion of evading corporate tax and embezzling funds raised in the name of technology fees by replacing insolvent assets with machinery in the accounting books and then recording depreciation expenses.
Even though there was no dividendable profit in the 2007-2008 business year, we are also being tried on charges of illegally distributing.
The first trial convicted Honorary Chairman Cho's tax evasion of 135.8 billion won and a part of illegal dividends and sentenced him to three years in prison, but the second trial considered honorary Chairman Cho's tax evasion as guilty and partly as illegal dividends. The part that became innocent was turned over.
Chairman Cho Hyun-joon was accused of embezzling 1.6 billion won of money and taking 15.7 billion won of foreign funds owned by his father in the name of Paper Company and evading a gift tax of about 7 billion won.
The first and second trials convicted only of the charges of embezzlement and sentenced them to one year and six months in prison and three years probation.