‘Embezzlement of Over 10 Billion Won in 30 Years’ Suspect Park Soo-hong’s Older Brother Arrested

"Risk of Evidence Tampering and Flight"

[Asia Economy Reporter Oh Gyumin] Park Suhong, a broadcaster, has had his older brother Park, who is accused of embezzling funds from Park's management corporation, arrested.

On the 13th, Judge Kim Yumi of the Seoul Western District Court, who is in charge of warrants, issued an arrest warrant for Park, who is suspected of embezzlement under the Act on the Aggravated Punishment of Specific Economic Crimes. Judge Kim stated the reason for issuing the warrant was "concerns about evidence destruction and flight risk."

On the same day, Park appeared for the pre-arrest suspect interrogation (warrant substantive examination) held from 10:30 a.m.

Park is accused of establishing a management corporation with his wife, failing to honor profit-sharing promises, and embezzling appearance fees and other funds. In April of last year, Park Suhong filed a complaint with the prosecution, which found evidence of failure to settle appearance fees, shifting various taxes and expenses onto Park Suhong, and other charges, and requested a pre-arrest warrant on the 8th.

In June of last year, Park Suhong also filed a lawsuit seeking approximately 11.6 billion won in damages against Park and his wife, who have denied the allegations. It was also revealed that there are eight life insurance policies under Park Suhong's name, and some of the insurance beneficiaries are companies wholly owned by Park and his wife.

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