Former Kwangwoon Foundation Chairman Jo Mo-sung Sentenced to Prison for Embezzlement of Kwangwoon University Funds
[Asia Economy Reporter Song Seung-yoon] Jo Moo-sung, former chairman of Kwangwoon Academy, who was released from prison after serving time for taking bribes during university building construction and teacher recruitment processes, has been indicted for embezzling Kwangwoon University funds, sentenced to prison, and re-arrested.
On the 20th, Judge Shin Soon-young of the Criminal Division 7 at Seoul Northern District Court announced that Jo, who was indicted without detention on charges of embezzlement in the course of duty, was sentenced to one year in prison and was taken into custody in court.
Jo, who served as chairman of the school corporation Kwangwoon Academy from 2011 to 2014, was charged with embezzling Kwangwoon University funds to pay the salaries of his home's security guard and driver. The amount embezzled during this period reached 168 million KRW.
Judge Shin stated, "The funds, which should have been used for students, were used for the salaries of the security guard and driver at the defendant's personal residence for four years. Considering that the resulting damage inevitably falls on innocent students, the nature of the crime is serious."
He added, "The defendant is only eager to deny the crime and shows no remorse, and the embezzled funds have not been recovered. Even considering that the defendant is a child of the founder of Kwangwoon Academy, has financially contributed to the academy, and is currently elderly, a prison sentence is unavoidable."
Hot Picks Today
"Samsung Electronics Employee with 100 Million Won Salary Receiving 600 Million Won Bonus... Estimated Tax Revealed"
- At President Lee's Call to "Give Enough to Shock," Whistleblower Rewards Become a Real Lottery
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- "Is This Car Waterproof?" US Man in His 70s Makes Dramatic Escape After Driving Cybertruck Into Lake, Trusting Its Features
- Appearing in a Leather Jacket, Jensen Huang Hastily Eats $6 Noodles on the Street... Shop Instantly Becomes a Hotspot
Jo was previously sentenced to five years in prison and detained by the Seoul Northern District Court in 2015 on charges of receiving bribes worth hundreds of millions of KRW related to construction contracts for the Kwangwoon University campus and teacher recruitment at affiliated high schools (including breach of trust). He was later released on probation after some charges were acquitted in the second trial.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
