LG Uplus Files Police Complaint Against Sales Employee for Embezzling Company Funds and Disappearing

Embezzlement of Tens of Billions in Commissions by Creating a Fake Client Company

[Asia Economy Reporter Cha Min-young] LG Uplus has filed a complaint with the police against a team leader-level sales employee who created a fictitious client company, embezzled tens of billions of won in intermediary commissions, and disappeared.

On the afternoon of the 24th, LG Uplus announced that it had submitted a complaint to the Yongsan Police Station in Seoul, requesting punishment of employee A for breach of trust in the course of business.

According to an internal investigation, employee A, who was in charge of multi-line sales of home products such as internet and Internet Protocol TV (IPTV), colluded with agencies to sign false contracts with fictitious client companies and inflated the commissions paid by the company to the agencies, thereby embezzling the funds.

Although initial media reports indicated that the damage amounted to 8 billion won, the actual amount is estimated to be less. The employee who disappeared the day before is currently out of contact.

An LG Uplus official said, "For now, we have filed a complaint against one team leader, and further investigation is needed regarding the possibility of conspiracy with other employees. Depending on the results of the police investigation, if there is sufficient evidence, we may file additional complaints against related parties."

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