Aide of ex-Ssangbangwool chief extradited from Cambodia
A close aide (C) of Kim Seong-tae, former chief of the underwear maker Ssangbangwool Group, is escorted by police officers as he arrives at Incheon airport, west of Seoul, on Feb. 7, 2023, after being arrested and extradited from Cambodia. Cambodian police took the South Korean national, only identified by his surname Park, into custody on the border with Thailand on Jan. 17. He is known to have served as a secretary of Kim, who was brought to South Korea from Bangkok amid several high-profile corruption investigations. The prosecution has indicted Kim for illegally delivering millions of dollars to North Korea for inter-Korean cooperation projects. (Yonhap)
Background:
The prosecution on Friday indicted the former chief of Ssangbangwool Group over illegal money transfers to North Korea.
According to the Suwon District Prosecutors Office, Kim Seong-tae faces seven charges including bribery, embezzlement and violation of the foreign exchange transaction act.
He is accused of handing over some eight million U.S. dollars to North Korea between January and December 2019 in pursuit of inter-Korean projects.
Kim claims that five million dollars was for a smart farm project while the remainder was intended to facilitate then Gyeonggi Province governor Lee Jae-myung's planned visit to the North. Lee is now chairman of the main opposition Democratic Party.
The tycoon is also accused of providing 330 million won in illegal political funds to former vice governor of Gyeonggi Province Lee Hwa-young. Furthermore, he allegedly embezzled over four billion won from group affiliates and 59 billion won from unlisted companies created under the names of group executives.
Prosecutors also believe Kim ordered the deletion of files and evidence to cover up the facts.
The corporate chief was arrested in Thailand last month together with current Ssangbangwool chair Yang Seon-gil who was also indicted Friday for embezzlement and breach of trust.
https://world.kbs.co.kr/service/news_vi ... ode=175609
Aide of ex-Ssangbangwool chief extradited from Cambodia
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Aide of ex-Ssangbangwool chief extradited from Cambodia
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