Chairman Lee Jung-geun of Booyoung Also Paroled... Eligibility Reasons Not Disclosed
[Asia Economy Reporter Seongpil Cho] It has been reported that Lee Joong-geun, chairman of Booyoung Group, is also included in the list of parolees for Liberation Day. He is currently serving a prison sentence after being convicted of embezzlement and breach of trust involving several billion won.
According to the legal community on the 10th, the Ministry of Justice Parole Review Committee made a decision the day before to grant parole to Chairman Lee, and Minister of Justice Park Beom-gye also approved it. The reason for Chairman Lee's parole has not been disclosed. Previously, when announcing the parole results, the Ministry of Justice publicly mentioned only Lee Jae-yong, vice chairman of Samsung Electronics.
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In 2018, Chairman Lee was prosecuted on charges of embezzling 27 billion won of company funds and improperly supporting a family-owned insolvent affiliate with 230 billion won. The first trial recognized 36.5 billion won embezzlement and 15.6 billion won breach of trust as guilty among the several hundred billion won embezzlement and breach of trust charges. However, the second trial acquitted him of the breach of trust charges and sentenced him to 2 years and 6 months in prison only for the remaining guilty charges. This ruling was finalized by the Supreme Court in August last year.
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