Yoo Jae-soo (57), former deputy mayor of Busan City, who was accused of receiving bribes from the CEO of a financial company while working for the Financial Services Commission, was sentenced to a suspended sentence of imprisonment in the first trial following the first trial.
Criminal Division 1-1 of the Seoul High Court (Judge Lee Seung-ryun Eom Sang-pil, Deputy Chief Judge Shim Dam) sentenced Yoo, who was charged with bribery and accepting of bribery and violating the Anti-Graft Act, to one year and six months in prison and three years of probation. He was sentenced to one year in prison and two years of probation.
The court also sentenced a fine of 50 million won, unlike the first trial, which imposed a fine of 90 million won, and decided that the additional fine was 20 million won, less than the 42.21 million won of the first trial.
This is the result of the Court of Appeals' acquittal of some of the bribes found guilty in the first instance.
Yoo was indicted in December 2019 on charges of receiving money and valuables and providing convenience from four people, including representatives of investment companies and credit information and debt collection companies, between 2010 and 2018.
The court of first instance found that receiving 42.21 million won was a bribe and sentenced him to one year and six months in prison, three years of probation, and a fine of 90 million won.
In addition, he ordered that the amount recognized as a bribe be collected from Mr. Yoo.
However, the court of first instance ruled that Yoo was not guilty of the charge of misconduct after taking the bribe.
Yoo was also acquitted of charges that companies offered him a job for his brother and an internship opportunity for his son, who was in high school.
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