On the 27th, the prosecution is investigating former Taekwang Group Chairman Lee Ho-jin as a suspect on charges of embezzlement and breach of trust.
According to the legal community, the Seoul Central District Prosecutors' Office's Criminal Division 3 (Director General Choi Soon-ho) is summoning Lee for questioning from 2 p.m. on this day on charges of embezzlement and breach of trust under the Specific Economic Crimes Act.
Earlier, the police transferred Lee to the prosecution without detention on charges of creating illegal slush funds amounting to hundreds of millions of won using company funds in September of last year.
According to the police, Lee is accused of creating slush funds amounting to hundreds of millions of won by fictitiously preparing accounts that indicate group executives were working at subsidiaries and receiving salaries back.
Lee is also accused of improperly supporting construction costs for subsidiaries through the Taekwang Group-owned golf course, Taekwang CC, and misusing company credit cards for personal purposes.