'11.5 Billion Won Embezzlement' Gangdong-gu Office Official Sentenced to 10 Years in Prison
Court: "Forgery of official documents... the nature of the crime is very bad"
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[Asia Economy Reporter Jang Sehee] A public official from Gangdong-gu Office in Seoul, who was prosecuted for embezzling 11.5 billion KRW of public funds, was sentenced to imprisonment in the first trial.
On the 9th, the Criminal Division 12 of the Seoul Eastern District Court (Presiding Judge Lee Jongchae) sentenced Kim Mo (47), who was indicted on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes (embezzlement) and forgery of official documents, to 10 years in prison and ordered a fine of 7.66 billion KRW.
The court stated the sentencing reasons, saying, "Using the authority of his duties at the time, he embezzled approximately 11.5 billion KRW of public funds and forged and used numerous official documents to conceal it, which is a very serious offense. Even excluding the amounts that have been or are expected to be partially restored, the actual damage amount is considerable."
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Meanwhile, Kim was arrested and indicted in February on charges of transferring over 200 times, up to 500 million KRW per day, from 11.5 billion KRW of waste disposal facility installation contributions deposited by Seoul Housing and Communities Corporation (SH) to Gangdong-gu Office into his own account from December 2019 to February last year, and using the funds for stock investments and personal debt repayment.
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