Prosecutors Indict 'Kuukuu' Dining Franchise CEO and Executives Without Detention

The prosecution has indicted the CEO and executives of the dining franchise brand 'QooQoo' on charges of breach of trust, embezzlement, and other offenses.

The Criminal Division 1 of the Seongnam Branch of Suwon District Prosecutors' Office (Chief Prosecutor Kim Young-oh) on the 23rd indicted QooQoo CEO Mr. A, his husband and company director Mr. B, and Executive Director Mr. C without detention on charges of breach of trust and embezzlement.

Suwon District Prosecutors' Office Seongnam Branch.

According to the prosecution, from late December 2014 to late May 2017, Mr. A and others operated a sushi buffet and continuously demanded money under the name of management support fees from partner companies such as interior construction firms dealing with franchise stores, receiving approximately 410 million KRW in return for maintaining contracts.

Additionally, Mr. A and Mr. B are accused of embezzling and arbitrarily using about 450 million KRW of company funds from 2014 to October 2019, and of violating tax laws by failing to issue tax invoices for 2.075 billion KRW received as management support fees.

It has been identified that the couple used the embezzled money for purchasing a building. This building is the QooQoo headquarters located in Seongnam, Gyeonggi Province, but it is registered under the names of Mr. A and his wife.

Earlier, in 2019, the police received a tip from an internal whistleblower at QooQoo that Mr. A and others were receiving and embezzling money from partner companies. After investigation, in September 2020, the police sent Mr. A and two others to the prosecution without detention on charges including embezzlement.

After receiving the case, the prosecution conducted an investigation lasting over two years and indicted them.

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