Signs of Prolonged Osstem Embezzlement Trial?...Prosecution Submits Additional Evidence

Lee's Lawyer "Needs More Time to Review Additional Evidence"

Lee Mo, who is accused of embezzling 221.5 billion KRW from Osstem Implant, is being transferred to the prosecution from Gangseo Police Station in Seoul on the 14th. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Yoo Byung-don] The trial of Lee Mo (44), the finance team leader of Osstem Implant accused of embezzling 221.5 billion won of company funds, and his family members is showing signs of prolonged proceedings.

The Criminal Division 14 of the Seoul Southern District Court (Presiding Judge Kim Dong-hyun) held the second hearing at 10:40 a.m. on the 31st for Lee and three others charged with violating the Act on the Regulation and Punishment of Criminal Proceeds Concealment.

Although evidence examination was scheduled for this trial, it was postponed once again as the prosecution submitted additional evidence.

The defense attorney for Lee’s family stated, “We have reviewed the existing evidence, but we need time to examine the newly submitted list of evidence by the prosecution,” and requested the court to allow time for review.

The prosecution explained, “We should have notified the defense about the submission of additional evidence but failed to do so.”

The court notified, “We will grant an additional three weeks; please submit your opinions on the evidence list by then.”

At the first hearing, Lee’s family members fully denied the prosecution’s allegations, stating, “It is true that we purchased a luxury resort membership, three officetels, and a commercial building together with Lee, but we did not know that the source of the money was embezzled funds.”

The next trial for them is scheduled for 10 a.m. on the 29th.

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