Chairman Lee Jung-geun of Booyoung Released on Suspension of Detention Until the End of This Month

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] Lee Jung-geun, chairman of Booyoung Group, who was indicted on charges including embezzlement and breach of trust and sentenced to imprisonment in the second trial, has been released.

The Supreme Court's 2nd Division (Presiding Justice Kim Sam-hwan) announced on the 9th that the execution of detention for Chairman Lee will be suspended until the 30th. According to the Criminal Procedure Act, the court may temporarily suspend the execution of detention by restricting residence when there is a substantial reason.

Chairman Lee submitted a petition for suspension of detention execution and bail to the Supreme Court in March due to health reasons, including hernia surgery. The court accepted this and suspended the execution of detention for Chairman Lee on this day.

Chairman Lee was detained and indicted on 12 charges including embezzlement. In the first trial, the court accepted his bail application, allowing him to stand trial while not in detention, and he was sentenced to 5 years in prison and a fine of 100 million won. At that time, considering various circumstances, he was not detained in court. In the second trial, he was sentenced to 2 years and 6 months in prison and a fine of 100 million won, and his bail was revoked, resulting in detention in court.

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