Monday, March 18, 2024 4:21:11 PM
Is Media accused of embezzlement and breach of trust worth 3.4 billion won
Is Media (181340) announced on the 28th that there were charges of embezzlement and breach of trust worth 3.4 billion won. This corresponds to 8.65% of equity capital. On charges of embezzlement and breach of trust, the company filed a complaint against Mr. Myeong, a former CEO and current executive director, and Mr. Choi, a former executive and largest shareholder, for violating the law on aggravated punishment for specific economic crimes.
The company explained, “We plan to take action in accordance with legal procedures and actively cooperate with the investigation of relevant agencies.”
In addition, the KOSDAQ Market Headquarters of the Korea Exchange announced that additional reasons for substantive review of listing eligibility have arisen in connection with the alleged embezzlement and breach of trust.
https://www.edaily.co.kr/news/read?newsId=02450166635679112
https://www.edaily.co.kr/news/read?newsId=03831046635776856
https://comp.fnguide.com/SVO2/ASP/SVD_main_chosunbiz.asp?pGB=1&gicode=A181340&NewMenuID=11&cID=CB&MenuYn=Y
https://www.newsway.co.kr/news/view?ud=2023061315183466662
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