[breaking news] Park Soo-hong's brother '2 billion won embezzlement' has been finalized for three and a half years in prison

*This content was translated by AI.

The Supreme Court has confirmed a prison sentence on the embezzlement and breach of trust of broadcaster Park Soo-hong's brother and his wife.

On the 26th, the Supreme Court's first division (F) held a date for the judgment of Park Soo-hong's brother, Park, and his brother-in-law, Lee, on charges of violating the law on aggravated punishment for certain economic crimes.

The Supreme Court said on the same day that "the defendant's appeal is dismissed." As a result, the sentence of the second trial was maintained, and Park's imprisonment for three and a half years was also confirmed.

In April 2021, Park Soo-hong claimed that his brother and his wife embezzled corporate funds and used their performance fees for personal living expenses without permission, and that "the amount they embezzled amounted to 11.6 billion won," and the Seoul Western District Prosecutors' Office also requested an arrest warrant for them. Regarding the prosecution of Park and his wife, the prosecution judged that they arbitrarily spent a total of 6.17 billion won, including △ 1.9 billion won in false accounting for labor costs △ 1.17 billion won in funds from agencies for real estate purchases △ 90 million won in unauthorized use of funds from agencies △ 90 million won in use of credit cards from agencies △ 2.9 billion won in unauthorized withdrawal from Park Soo-hong's account. The prosecution initially considered the amount of embezzlement to be about 2.1 billion won at the time of the request for an arrest warrant, but believes there is 4.1 billion won more through additional investigation.

In the first trial, the prosecution demanded seven years and three years in prison, respectively, and the court found Park guilty of embezzling 2 billion won in company money, but sentenced him to two years in prison for stealing Park Soo-hong's money worth 1.6 billion won. Lee was acquitted, saying it was difficult to prove an accomplice. Both sides appealed to this.

However, the second trial arrested Park in court, saying, "There is a fear of running away," along with a three-and-a-half-year prison sentence. In addition, Lee was partially convicted and ordered a year in prison, two years of probation, and 120 hours of community service.

It was confirmed that the amount of embezzlement they admitted totaled more than 2 billion won for Lael and Media Boom. The two, who were found guilty in the first trial, were found guilty of embezzling money by using Park's corporate card under the name of Park Soo-hong's management company for personal use, listing false employees in the company, and embezzling company funds for the purpose of spending personal lawyer appointment with the company's funds and purchasing other personal items.

Park Soo-hong attended the appeal hearing as a witness following the first trial and said, "I'm sorry about the first trial's ruling, but I thought it was too unfair, so I told you I really wanted to testify," adding, "I felt sorry to see them use my assets as they please because it's a family company." "Even if they calculated that they collected the salaries and dividends they received over the past four years without spending a won from the real estate they acquired between 2014 and 2017, they are 2 billion won short," he/she said.

Park Soo-hong said, "I heard 'financial technology for you' from my brother and wife. There was no real estate in my name until the partnership was terminated. "Everyone only has real estate that they share 50% of," he said. "It is absolutely not possible for other people to (take care of) profits as collateral for one person's sacrifice, even if it is a family. This should not happen again," he stressed.

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*This content was translated by AI.