Company CEO Sentenced to Prison for Seizing Disabled Employee's Loan and Falsely Accusing Him of Sexual Assault

Gwangju District Court building.

A company CEO who seized a loan secured by a disabled employee's house and, when the crime was about to be uncovered, falsely accused the employee of being a sex offender, has been sentenced to prison.

On December 18, Judge Kim Jiyeon, presiding over Criminal Division 6 of the Gwangju District Court, sentenced a man in his 50s, referred to as Mr. A, to three years in prison on charges including incitement to false accusation and forgery of private documents.

A woman in her 30s, referred to as Ms. B, who was indicted on similar charges, received a six-month prison sentence suspended for two years, along with 120 hours of community service.

Mr. A, the company CEO, was prosecuted for embezzling 200 million won by taking out a loan secured by the house of an intellectually disabled employee, Mr. C, in 2020 when the company was facing financial difficulties.

To cover up the crime, Mr. A pressured Ms. B, a female employee and accomplice, to file a false report accusing Mr. C of being a sex offender so that he would be punished.

The court stated, "The nature of the crime is egregious, and the harm suffered by the victim is significant. The fact that the defendants eventually admitted to the charges was taken into consideration."

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