Han & Brothers Executives Embezzlement and Breach of Trust Allegations Not Prosecuted... "Insufficient Evidence"
The police have decided not to indict the executives of Han & Brothers, who co-managed Bodyfriend, on charges of breach of trust and embezzlement.
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According to the police on the 30th, the Gangnam Police Station in Seoul dismissed the case against Han Mo, the major shareholder of Han & Brothers, CEO Heo Mo, and two others on the 27th of last month due to insufficient evidence.
Stonebridge Capital and Han & Brothers established a private equity partnership and jointly managed Bodyfriend after acquiring its shares in July last year.
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In April, Stonebridge Capital filed a complaint alleging that Heo and Han received excessive compensation and misused corporate credit cards.
This content was produced with the assistance of AI translation services.
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