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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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S. Korea votes in favor of Palestinian bid for UN membership
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Farming households dip below 1m for first time in 2023
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The nation's top court on Tuesday returned to a lower court a ruling that convicted the chairman of Taekwang Group on charges of embezzlement.
Lee Ho-jin was sentenced to 4 1/2 years in prison at the Seoul High Court in December 2012 for a series of corruption charges, including misappropriation of some tens of billions of won through manipulating books on textile sales.
He allegedly created slush funds by selling the products without recording them in the books and underreporting the amount of products produced.
While finding Lee guilty of the charges, the Supreme Court said the appellate court should recalculate the amount misappropriated.
The chairman, meanwhile, has been released on bail since June 2012 for health problems. (Yonhap)
Lee Ho-jin was sentenced to 4 1/2 years in prison at the Seoul High Court in December 2012 for a series of corruption charges, including misappropriation of some tens of billions of won through manipulating books on textile sales.
He allegedly created slush funds by selling the products without recording them in the books and underreporting the amount of products produced.
While finding Lee guilty of the charges, the Supreme Court said the appellate court should recalculate the amount misappropriated.
The chairman, meanwhile, has been released on bail since June 2012 for health problems. (Yonhap)
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