Prosecution Takes Restorative Action on 855 Gold Bars in Osstem Implant Embezzlement Case

by Lee Gwanju

Published 24 Jan.2022 16:59(KST)

Updated 24 Jan.2022 17:18(KST)

Lee, suspected of embezzling 221.5 billion KRW of company funds from Osstem Implant, is being transferred to the prosecution from the Gangseo Police Station in Seoul on the 14th. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Lee Gwan-ju] The entire amount of gold bars hidden and later recovered from Lee Mo (45), the suspect who embezzled 221.5 billion won of Osstem Implant's company funds, has been returned to the company.

The Financial and Securities Crime Investigation Cooperation Team of the Seoul Southern District Prosecutors' Office (Head Park Seong-hoon) announced on the 24th that 855 gold bars (worth approximately 69 billion won at market value) seized from Lee were returned to Osstem Implant.

The prosecution explained, "This measure was taken with active consideration of concerns that if the final disposition of the seized items were to wait until the verdict is confirmed, unnecessary additional damages could occur to the company and minority shareholders."