Hanbo's Fourth Son Jeong Han-geun, Additional Indictment for Embezzlement of Around 6 Billion Won

Likely to Be Merged with Existing Embezzlement Case Trial

[Asia Economy Reporter Kim Hyung-min] Jeong Han-geun, the fourth son of the late Jeong Tae-su, former chairman of Hanbo Group, who was captured after 21 years on the run, has been additionally indicted on embezzlement charges involving approximately 6 billion KRW.

According to the legal community on the 12th, the Foreign Affairs Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Kim Do-hyung) filed additional charges against Jeong on the 10th under the Act on the Aggravated Punishment of Specific Economic Crimes for embezzlement. This case is expected to be combined with the ongoing embezzlement trial at the Seoul Central District Court.

According to the prosecution, Jeong is accused of embezzling an additional approximately 6.6 billion KRW from Dong Asia Gas Company (EAGC), a subsidiary of Hanbo Group, which he is the actual owner of. As a result, the total amount of embezzlement identified by the prosecution has reached approximately 38.6 billion KRW.

Jeong was previously indicted on charges of embezzling about 32 billion KRW by selling 9 million shares of a Russian oil company owned by EAGC in 1997 for 57.9 million USD but fabricating the sale as 25.2 million USD and hiding the proceeds overseas.

At that time, Jeong was also charged with violating the Foreign Exchange Transactions Act for transferring money abroad without government approval.

The prosecution tracked Jeong's whereabouts starting in August 2018 after a close associate's interview revealing Jeong was residing in the United States was broadcast in 2017, and with cooperation from five countries including Ecuador, Panama, and the United States, Jeong was apprehended.

This content was produced with the assistance of AI translation services.