Wellbiotech Faces Embezzlement and Breach of Trust Allegations Worth 3.6 Billion Won
Wellbiotech announced on the 6th that it has filed a complaint against a former executive for violating the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (breach of trust).
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The accused is former CEO Gu Mo. The amount involved in the allegation is 3.6 billion KRW, which is 5.64% of the company's equity capital.
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