[앵커]
SK Networks Chairman Shin Shin-won, who is being investigated for raising slush funds by embezzling large amounts of money, has been arrested.
The court pointed out that there is considerable reason to believe that Choi was guilty of embezzlement and malpractice.
Reporter Lim Seong-ho reports.
[기자]
SK Networks Chairman Shin Shin-won leaves the court after hearing the suspect before arrest.
No answer to reporters’ questions about acknowledging allegations of embezzlement and malpractice.
[최신원 / SK네트웍스 회장 : (비자금 조성하신 거 맞아요?) ……. (수사 과정에서 어떤 주장 하실 거예요?) 감사합니다.]
The court, which continued the hearing until night, issued an arrest warrant for Chairman Choi.
The court said there was considerable reason to suspect that Choi was guilty of embezzlement or denunciation.
He also explained that there is a risk of using his position to destroy evidence, and that it needs to be arrested given the scale of the crime and its impact on the companies involved.
Chairman Shin-won Shin, the second son of former chairman Choi Jong-Geon, the founder of SK Group, is accused of embezzling over 100 billion won of money while running SK networks.
In particular, there are suspicions of not being repaid properly after lending 15.5 billion won in unsecured money to a golf course operating company that is similar to their own.
In October of last year, the prosecution began a compulsory investigation by confiscation of SK Networks and SKC.
Since then, the company’s employees were called several times to check the facts, and on the 7th of last month, we summoned Chairman Choi as a suspect to investigate.
The prosecution believes that the slush funds raised by Chairman Choi may have flowed abroad, and are investigating circumstances in which corporate funds have been drained.
In addition, we are looking into suspicions that Chairman Choi bought treasury shares on a large scale to manipulate stock prices.
As Chairman Choi was arrested, momentum was gained in the prosecution’s investigation of the charges of embezzlement and dismissal.
This is YTN Seongho Lim.
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