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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] Prosecutors have requested arrest warrants for Chairman Kim Young-jun and other executives of Ehwa Technologies Information.
According to a report by Money Today on August 20, the Seoul Central District Prosecutor’s Office's Tax Crime Investigation Unit (Chief Prosecutor Lee Jin-yong) filed for pre-arrest warrants for Kim and three other executives on charges of violating the Capital Markets Act.
The executives are accused of inflating stock prices through false disclosures, leading to unjust gains amounting to 10 billion KRW. They also face charges for failing to properly disclose the scale of misconduct after Kim was previously arrested in May last year on charges of embezzlement, breach of trust, and tax evasion.
Kim was released on bail in December last year.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
