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| 한양증권 (사진=한양증권) |
[Alpha Biz=(Chicago) Reporter Paul Lee] Hanyang Securities filed a complaint against former executive Min on charges of breach of trust.
According to the Financial Supervisory Service's electronic disclosure system on the 17th, Hanyang Securities announced on the 14th that embezzlement and breach of trust occurred.
Hanyang Securities Co. said it has confirmed former executive Min's alleged violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes and filed a complaint. The alleged amount is 2.15 billion won, which is 0.47% of Hanyang Securities' equity capital.
Min was an executive in charge of real estate project financing (PF) business at Hanyang Securities until last year. Min became the youngest head of the industry, but suspicions of borrowed-name investment surfaced last year.
At the time, Hanyang Securities explained that it judged the suspicion as a normal investment, but the results of the FSS' inspection should be confirmed. Since then, the FSS has conducted frequent inspections of Hanyang Securities and filed a complaint with the investigative agency in January.
Hanyang Securities confirmed the allegations and filed a complaint through the results of the FSS investigation and further internal investigations.
An official at Hanyang Securities explained, "We will take necessary measures in accordance with due process for all processes related to this case."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
