Prosecutors Indict Former Vice Chairman of Sebotech Involved in Optimus Scandal
[Asia Economy Reporter Baek Kyunghwan] The prosecution has indicted Ko, former vice chairman of SeboTech, a subsidiary of Haeduk Powerway, in connection with the Optimus fund fraud case. Haeduk Powerway is a ship equipment manufacturer acquired by Optimus Asset Management through a no-capital merger and acquisition method.
According to the legal community on the 9th, the Economic Crime Criminal Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Joo Mincheol) indicted Ko last month without detention on charges including embezzlement and breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes, and violation of the Attorney-at-Law Act.
Ko is accused of embezzling 3 billion KRW of SeboTech's funds in May 2019, together with Oh, chairman of SeboTech's trading company M, and Park, former advisor of Optimus, to use as a deposit for acquiring the KOSDAQ-listed company A.
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "Sold Everything Fearing Bankruptcy, Then It Soared 3,900 Times: How a Stock Once Feared for Delisting Became an AI Powerhouse"
- "All Major Corporations Could Leave"... Business Community Fears Overseas Factory Relocation Due to Strike Risks
- "If You Booked This Month, You Almost Lost Out... Why You Should Wait Until 'This Day' Before Paying for Flight Tickets"
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
Oh was already indicted in November last year. He is also accused of colluding with Son, a broker and former journalist, to cover up various lawsuits faced by Haeduk Powerway's former and current executives during the company's acquisition process, and embezzling a total of 630 million KRW from January to July 2019.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
