Yeon E&B T and Former Chairman Among Four Filed with Embezzlement Charges Submitted to Prosecutors
[Asia Economy Reporter Lee Jung-yoon] Yeonib B&T announced on the 1st that it has filed a complaint with the Seoul Southern District Prosecutors' Office against four individuals, including the former chairman, former CEO, former vice president, and former outside director, on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes (embezzlement).
The amount involved in embezzlement and other offenses is 1.368 billion KRW, which corresponds to 5.75% of the company's equity capital.
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The company stated, "After filing the complaint, we will take all necessary measures in accordance with legal procedures and will actively cooperate with the investigations conducted by relevant authorities."
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