[Alpha Biz= Reporter Kim Minyoung] Kim (35), the second son of Hancom Group Chairman Kim Sang-chul, who was indicted on charges of raising and personally using 9 billion won in virtual assets invested by an affiliate of Hancom Group, and Jeong (47), head of a virtual currency company invested by Hancom, asked for leniency, saying they repaid some 4.03 billion won to the affected company.

"The two defendants acknowledge the indictment. Please consider the fact that they reimbursed the company worth 4 billion won and that he is a first-time offender," the two defendants' lawyers said at a hearing on charges of violating the Act on the Aggravated Punishment, etc. of Specific Economic Crimes by Kim and others held by the 1st Criminal Department (Senior Judge Heo Yong-gu) of the Seongnam branch of the Suwon District Court on the 25th.

The lawyer displayed the pre-prepared PPT data on screen and explained for six minutes about the circumstances in which the defendants should be taken into account.

"The accounting standards for the operating profits of the Arowana token were ambiguous, and defendant Kim reflects on his personal use of some of the profits," the lawyer said.

In response, the prosecution also intensively explained the charges for five minutes through PPT footage, claiming that a heavy sentence is inevitable.

"The defendants are confessing to the crime, but they are questioning the circumstances of the crime," the prosecution said. "The Arowana Token Project, which was pushed with the aim of building a platform that makes it easier to trade gold between individuals with blockchain technology, was virtually nothing that has been properly pushed forward."

The prosecution also stressed that severe punishment is inevitable except that the reduction factor is the first offense, and that the aggravated factors are the destruction of evidence after the crime, the occurrence of many victims, social controversy and poor criminal methods.

The court asked lawyers and prosecutors to submit their position on the issue as data before the next trial date, saying the virtual currency in question has been delisted on the exchange, making it difficult for ordinary investors to recover the damage.

The prosecution's sentence will be sentenced if the defense is closed after questioning the defendant on the next trial date.

 

 

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