LG family scion repatriated from Cambodia after 8 years on the run
A member of the family that founded conglomerate LG Group has been repatriated from Cambodia eight years after leaving Korea to escape an investigation into stock manipulation charges, police said Friday. Koo Bon-hyun, a nephew of the late LG Group honorary chairman Koo Cha-kyung, was detained upon arriving in the country Monday to undergo an investigation on suspicion of violating the Capital…
LG Group heir Koo Bon-hyun, a nephew of the late Koo Cha-kyung, has been repatriated to South Korea after eight years on the run, according to The Korea Times. The 57-year-old was detained at the airport upon his arrival on Monday to face charges of violating the Capital Markets Act, embezzlement, and breach of trust. Initially fleeing to the Netherlands in 2018, Koo is accused of making illegal profits of 14.5 billion won ($10.9 million) by disclosing false information about a KOSDAQ-listed company he had acquired without capital, as well as embezzling 4.6 billion won from the firm. Cambodian authorities apprehended him in September and returned him to South Korea this week.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
