Send E-mail
  • SK Group chairman sentenced to 4 yrs in prison for embezzlement
    SK Group chairman sentenced to 4 yrs in prison for embezzlement
    SK Group Chairman Chey Tae-won was sentenced to fours years in prison on Thursday for embezzling a massive amount of company funds for personal stock investments.The 53-year-old disgraced tycoon was imprisoned immediately after the Seoul Central District Court handed down the ruling.Chey was found guilty of embezzling 49.7 billion won (US$44.5million) from two SK Group affiliates and funneling the funds into a firm h...
From
Send to
Close Send
National Social Affairs

SK Group chairman sentenced to 4 yrs in prison for embezzlement

Jan. 31, 2013 - 15:47 By KH디지털뉴스부공용
SK Group Chairman Chey Tae-won was sentenced to fours years in prison on Thursday for embezzling a massive amount of company funds for personal stock investments.

The 53-year-old disgraced tycoon was imprisoned immediately after the Seoul Central District Court handed down the ruling.

Chey was found guilty of embezzling 49.7 billion won (US$44.5million) from two SK Group affiliates and funneling the funds into a firm headed by a former executive at SK's telecommunications unit for investments in stock futures and options in 2008. (Yonhap News)



Most Popular