'221.5 Billion Embezzlement Involvement' Ostem Finance Team Leader's Wife Appeals First Trial

[Asia Economy Reporter Hwang Seoyul] Park Mo, the wife of the former finance team leader of Osstem Implant who embezzled 221.5 billion won of company funds, has appealed against the first trial's 3-year prison sentence.

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

According to the legal community on the 17th, Park, who was indicted for violating the Act on the Aggravated Punishment of Specific Economic Crimes related to concealment of criminal proceeds, submitted an appeal to the Seoul Southern District Court Criminal Division 14 (Chief Judge Kim Donghyun) the day before. The first trial court sentenced Park to 3 years in prison on the 11th.

At the sentencing hearing, the court stated regarding Park, "The defendant claims she did not know the source of the property was embezzlement, but it is inappropriate as she had the awareness, intention, and plan to possess the property herself." Considering that Park has young children and must support her mother-in-law, she was not detained in court.

The former finance team leader, Lee, received a 35-year prison sentence, a fine of 30 million won, and a confiscation order of 115.1 billion won, while Lee’s sister-in-law and younger sister were each sentenced to 2 years in prison with suspended sentences.

Previously, Lee, while serving as the finance team leader of Osstem Implant, was arrested and indicted in January last year on charges of transferring 221.5 billion won from the company’s account to his own securities account in 15 installments from November 2020 to October of the following year, using the funds for stock investments and other purposes. Park actively participated in concealing the embezzled amount by Lee.

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