Court Decides to Release Lee Sang-jik on Embezzlement and Breach of Trust Charges... Scheduled for Release from Jeonju Prison
Independent lawmaker Lee Sang-jik (Jeonbuk Jeonju-eul), who was arrested and indicted for embezzlement and breach of trust involving hundreds of billions of won at Eastar Jet, was released 184 days after his detention.
On the 28th, the Jeonju District Court announced, "The court has decided on Lee's bail ex officio." The Criminal Division 11 of the Jeonju District Court (Chief Judge Kang Dong-won), which is handling the case, reportedly made this decision as the detention period for Lee (6 months) was nearing expiration.
Lee, the founder of Eastar Jet, was arrested and indicted on April 28 for conspiring with his nephew A, who was also arrested and indicted on charges including selling Eastar Jet shares worth approximately 54 billion won held by Eastar Jet Group affiliates at a low price to a specific affiliate within the group, causing damage to the company, between 2015 and 2018. He is also accused of partially participating in A's embezzlement crime involving the unauthorized use of 3.8 billion won from Eastar Jet affiliates' funds.
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After his release, Lee will stand trial while not in detention. He is expected to be released from Jeonju Prison late in the afternoon after completing internal release procedures such as the bail process.
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