'Bae Sang-yoon Escape Assistance Charge' KH Vice Chairman's Side "Admits Charges"

"KH Employees Cover Living Expenses of Bae Sang-yoon's Mistress"

At the first trial, the company’s Executive Vice Chairman and others, who were indicted on charges including informing Baesang-yoon, Chairman of KH Group (57), currently wanted for embezzlement allegations worth around 400 billion KRW, about the investigation status and assisting his stay abroad, admitted all charges.

[Image source=Yonhap News]

On the 26th, Judge Jang Su-jin of the Seoul Central District Court Criminal Division 7 presided over the first hearing of Executive Vice Chairman Woo and Chief of the Executive Team Lee of KH Group.

On that day, Woo and Lee stated in court, "We admit all the charges." As Woo and others confessed to all allegations, the court decided to conclude the trial at the second hearing scheduled for the 10th of next month.

According to the prosecution, Woo and Lee informed Chairman Bae about the prosecution’s pursuit and investigation status, and also relayed investigation details concerning suspects such as the KH Group Vice President of Finance. It was also found that they sent more than 100 million KRW in funds to aid his escape.

They issued airline tickets 12 times to enable Chairman Bae to travel overseas and delivered tens of billions of KRW in gambling funds and registered under false names mobile phones to him in the Philippines, Singapore, and Vietnam. It was revealed that they also paid about 100 million KRW for the living expenses of not only Chairman Bae’s family but also his mistress.

Earlier, Woo and Lee were arrested and indicted on the 13th of this month on charges of organizing Chairman Bae’s "emperor escape" while he was staying in Southeast Asia, including Thailand (harboring a criminal).

They are also charged with habitual gambling facilitation by sending group-affiliated aides to serve Chairman Bae, who frequented luxury resorts, golf courses, and casinos locally, and delivering gambling funds.

The prosecution believes that Chairman Bae is continuing his "emperor escape" overseas under the organized protection and assistance of company executives including Woo. Chairman Bae is under investigation for causing losses of around 400 billion KRW to affiliates to raise funds for acquiring the Pyeongchang Alpensia Resort and embezzling about 65 billion KRW from affiliate funds.

After leaving the country last year for business reasons and not returning, the prosecution obtained an arrest warrant for Chairman Bae, issued an Interpol red notice, and invalidated his passport through the Ministry of Foreign Affairs.

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