[Breaking] Kwak Sang-do fined 8 million won in first trial... 'Son's 5 billion won severance pay' acquitted
Former People Power Party lawmaker Gwak Sang-do, Hwacheon Daeyu Asset Management major shareholder Kim Man-bae, and Daejang-dong private developer lawyer Nam Wook
View original image[Asia Economy Reporter Kim Daehyun] On the afternoon of the 8th, the Seoul Central District Court Criminal Division 22 (Presiding Judge Lee Jooncheol) sentenced former People Power Party lawmaker Kwak Sang-do to a fine of 8 million won in the first trial on charges including violation of the Political Funds Act. He was accused of receiving illegal political funds of 50 million won from Nam Wook, a lawyer of the 'Daejang-dong group.'
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The charge of pocketing 5 billion won (2.5 billion won excluding tax) as severance pay for his son from Hwacheon Daeyu Asset Management (Hwacheon Daeyu) was judged not guilty.
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