Police Summon Former Taekwang Group Chairman Lee Hojin for Investigation
Summoned in Private on Charges of Embezzlement and Breach of Trust
Former Taekwang Group Chairman Lee Hojin was summoned by the police.
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2018121217071087470_1544602030.jpg)
On the 20th, the Anti-Corruption and Public Crime Investigation Unit of the Seoul Metropolitan Police Agency reportedly summoned Chairman Lee, who is accused of breach of trust and embezzlement, for a private investigation.
The police have been investigating former Chairman Lee as a suspect on charges of creating tens of billions of won in slush funds by mobilizing group affiliates and improperly supporting construction costs for affiliates through Taekwang CC.
They conducted three search and seizure operations targeting the former chairman's residence, Taekwang Group offices, and residences of group associates, and recently conducted witness interviews. It is also reported that a travel ban has been imposed on the former chairman.
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Former Chairman Lee was arrested and indicted in 2011 on charges of embezzling 42.1 billion won and evading about 900 million won in corporate taxes. Subsequently, in June 2019, he was sentenced to three years in prison, served his term, and was released in October 2021.
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