Veteran singer Insooni denied claims of tax evasion after singer Choi sung-su‘s wife, surnamed Park, accused her of evading about 5 billion won ($4.13 million) in taxes, the singer’s agency Blue Sky Entertainment said Thursday.

Park submitted documents to show tax evasion by the singer in 2008 to the Supreme Prosecutor’s Office and the National Tax Office on Feb. 5. 

Park claimed that she had returned 4 billion won of the singer‘s 5 billion won investment in her business and that she had paid 2.6 billion won in interest income to Insooni.

The singer‘s agency claimed that Insooni was audited in 2008 by the National Tax Office and paid an additional 800 million won in taxes when concealed income was unveiled.

Moreover, Insooni had invested about 5 billion won in Park’s business from June 22, 2005 to Nov. 23, 2007, but her investment was not returned and interest income was not received, said the agency in refuting Park’s claim.

Park was accused of swindling and misappropriation in 2012 and sentenced to three years in prison with a four-year suspended sentence in both the first and second trials. Park appealed to the Supreme Court on Jan. 29.

By Jung Eun-jin (jej2403@heraldcorp.com)