"Older Brother Is a Member of the National Assembly, Has Many Influential Acquaintances" 60s Man Given Probation for Embezzling 20 Million Won Using Loan Bait

[Asia Economy Yeongnam Reporting Headquarters Reporter Ju Cheol-in] The Ulsan District Court Criminal Division 11 (Chief Judge Park Hyun-bae) announced on the 2nd that it sentenced Mr. A, who was indicted on charges of bribery solicitation, to 10 months in prison with a 2-year probation.

In February 2019, Mr. A proposed to Mr. B at a coffee shop in Seoul, saying, "My older brother is a former member of the National Assembly, and I have many influential acquaintances," and "I will arrange for you to receive a loan of 40 billion won within about two months through a securities company employee."

Mr. A then demanded money under the pretext of entertaining the securities company employee, and Mr. B, who intended to purchase land in Seoul with the loan, gave 20 million won to Mr. A.

Subsequently, Mr. A introduced an actual employee of a certain securities company to Mr. B so that he could receive loan consultation. During the trial, Mr. A claimed that he only gave financial advice to Mr. B and did not mediate the loan.

However, the court did not accept Mr. A's claim, judging that Mr. A received money as a fee for connecting Mr. B with the securities company employee for the loan.

The court explained the sentencing reason, stating, "Considering that the securities company employee did not engage in any wrongful acts related to the loan, probation was sentenced."

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