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…
A 57-year-old Korean businessman, Koo Bon-hyun, has been returned to South Korea after eight years of fleeing his homeland. He had absconded to the Netherlands in 2018, fearing prosecution for alleged stock manipulation, embezzlement, and breach of trust. Koo is the nephew of the late Koo Cha-kyung, the honorary chairman of the renowned LG Group.
Upon his return to Cambodia in September, Koo was promptly arrested and formally charged with violating the Capital Markets Act, embezzlement, and breach of trust. Police obtained a detention warrant for him in 2019 and sought an Interpol Red Notice for his extradition to South Korea. Despite his initial escape, Koo's uncle, the late Koo Cha-kyung, was the founder of the conglomerate that bears his name, the LG Group.
In 2012, Koo was already under suspicion for these alleged offenses, and his arrest and subsequent repatriation seem to be the culmination of a lengthy legal process initiated by Korean authorities. The exact nature of the illegal profits and embezzlement remains unspecified in the provided source, but it is clear that Koo's actions have led to significant legal consequences, resulting in his return to his home country after years of international wandering.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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