Police: "Doing Our Best to Recover Embezzled Funds from Osstem Implant... Investigating Possible Accomplices"

The embezzlement suspect Lee Mo (45) of Osstem Implant, who was arrested by the police, is entering the Gangseo Police Station in Seoul on the morning of the 6th.
[Image source=Yonhap News]

[Asia Economy Reporter Lee Gwan-ju] The police investigating the embezzlement case at Osstem Implant have expressed their intention to actively recover the damages through stock freezing, pre-indictment seizure and preservation of real estate, and other measures.

On the 7th, the Gangseo Police Station in Seoul stated, "We will do our best to recover the remaining damages during the ongoing investigation process, and we will continue to investigate whether there are any accomplices involved in this crime."

The police froze stocks worth approximately 25 billion KRW in securities accounts under the name of suspect Lee (45) and seized 497 kg of gold bars and 430 million KRW in cash at the time of arrest.

Additionally, for real estate worth tens of billions of KRW confirmed to have been purchased with the embezzled funds, the police plan to apply for pre-indictment seizure and preservation.

The police will apply for an arrest warrant today against Lee on charges of embezzlement in violation of the Specific Economic Crimes Act.

Lee, who served as the financial management team leader at Osstem Implant and embezzled 188 billion KRW of company funds, was arrested at his residence building on the 5th and is currently under investigation. On the same day, the police summoned two financial team employees as witnesses for questioning.

This content was produced with the assistance of AI translation services.