50-Year-Old Sentenced to Prison for Gambling with Company Funds and Fleeing Abroad

[Asia Economy Yeongnam Reporting Headquarters Reporter Ju Cheol-in] A branch manager who used company operating funds for gambling and absconded overseas for nearly 10 years was sentenced to imprisonment again in the appellate court.

The Changwon District Court Criminal Division 5 (Chief Judge Kim Byung-ryong) dismissed the appeal of A (52), who was tried on charges including embezzlement in the course of business, and announced on the 24th that the original sentence of 1 year and 8 months in prison was upheld.

The court stated, "The first trial sentence imposed on the defendant by the original court is neither too heavy nor too light and is appropriate."

A, who worked as a branch manager of a limited company in Gimhae-si, Gyeongnam, withdrew 460.4 million won of company operating funds from December 2008 to February 2009 and used it for gambling.

As a Chinese national, A cut off contact without fulfilling the promise to repay the debt after the embezzlement was discovered and stayed in China from April 2009 to February 2018.

The court ruled that since A was abroad to avoid criminal punishment, the statute of limitations was suspended under Article 253, Paragraph 3 of the Criminal Procedure Act.

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