Prosecutors Indict Loan Shark for Gaining 10 Billion Won from Lime Investment Listed Company
[Asia Economy Reporter Yoo Byung-don] The prosecution investigating the Lime Asset Management scandal has indicted a loan shark known to have participated in market manipulation of the KOSDAQ-listed company Esmo.
The Criminal Division 6 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Jo Sang-won) announced on the 25th that loan shark Hwang, who participated in market manipulation of Esmo, which received investment from Lime Asset Management funds, and gained illegal profits exceeding 10 billion KRW, has been arrested and indicted.
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Hwang, who was asked by the group that acquired Esmo without capital, was arrested on the 11th on charges of obtaining illegal profits worth approximately 10.3 billion KRW using corporate accounts he operated.
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