BTS

V

BLACKPINK’s Record-Breaking Feat: 93 Million YouTube Subscribers and Counting

BLACKPINK

IU's Singapore Shows for H.E.R. World Tour Sell Out in Breakneck Speed: "Thanks to the Power of UAENA"

IU

Cha Eun Woo

Han So-hee

Kim Ji Won Has Flabbergasted Netizens With Her Unexpected Singing And Dancing Skills

Kim Ji Won

Park Min Young

SEVENTEEN

Jungkook

Park Hyung Sik

Park Shin Hye

Kim Go-eun Surprises Fans with Coffee and Movie Goodies at "Exhuma" Coffee Truck Event

Kim Go Eun

Former Oh My Girl's JinE Apologizes for Social Media Post About aespa's Karina and Lee Jae Wook's Dating News

Karina

Selena Gomez

Le Sserafim

Dakota Johnson

Megan Fox

Taylor Swift

Kim Soo Hyun

Lee Jae Wook

Jennie

Gong Yoo

J-Hope

RIIZE

aespa

Song Joong Ki

HYBE Takes A Shot At Min Hee Jin For Berating Their Environmental Initiatives

Hybe

ADOR Threatens Strong Legal Action Against Perpetrators Targeting NewJeans

NewJeans

Byeon Woo Seok

Byeon Woo Seok

NCT

NCT

What Happened Between Hyeri, Ryu Jun-Yeol, and Han So-hee? Hyeri Opens Up About Ex-Boyfriend's New Relationship

Hyeri

Royal Rumble: Spanish Journalist Doubles Down on Kate Middleton's Alleged Health Concerns

Kate Middleton

Upcoming K-Pop Girl Group ILLIT of HYBE Labels’ Faces Speculation About Their Potential Success… Or Failure

ILLIT

lisa

Lisa

BTS’ Jimin’s song Smeraldo Garden Marching Band grabs top spot on iTunes chart in 108 countries within 24 hours of release

Jimin

Install VvipTimes App (PWA) For Desktop Users:-

VvipTimes App(PWA) Desktop

Install VvipTimes App on Android Device:-

VvipTimes App(PWA) Android

Supreme Court Reverses “Not Guilty” Verdict For Lee Seung Gi’s Father-In-Law In Market Manipulation Case

Supreme Court Reverses “Not Guilty” Verdict For Lee Seung Gi’s Father-In-Law In Market Manipulation Case

By

|

IST

|

in

Lee Seung Gi had previously defended his in-laws against the allegations.

The Korean Supreme Court has reportedly overturned a not-guilty verdict in the stock manipulation case of  Lee Hong Heon, father-in-law of Lee Seung Gi.

download - 2024-06-16T111917.907
Lee Seung Gi
tistory.com1 (2)
Lee Hong Heon | tistory.com

According to reports from the legal industry on June 16, KST, the Third Division of the Supreme Court overturned the original judgment that acquitted Lee Hong Heon and his accomplice, who were indicted on charges of violating the Capital Markets Act. The case has been sent back to the Seoul High Court.

The accused were indicted on charges of manipulating stock prices of their KOSDAQ-listed company from November 2014 to February 2016 and then selling the shares obtained through a capital increase, which brought them a profit of ₩2.37 billion KRW (about $1.71 million USD). The first trial sentenced them to prison time and a hefty fine. But they filed an appeal, following which the appellate court acquitted them, stating that disclosure regarding the source of funds for the acquisition of shares and convertible bonds by the accused could not be considered a ‘significant matter’ under the Capital Markets Act’s criteria for determining unfair trading practices.

The Supreme Court reversed this ruling, declaring the appellate court’s judgment as erroneous,

The disclosure of the source of acquisition funds is a significant matter as it can affect the management or investment decisions of the company. The falsely recorded shares amount to 1.56% of the total shares. This exceeds the 1% threshold that triggers the obligation to report changes.

— The Supreme Court

With this new judgment, singer-actor Lee Seung Gi’s agency, BIG PLANET MADE Entertainment, took proactive steps to protect him from any public onslaught, releasing an official statement urging people to refrain from spreading false information or malicious speculations. The statement, however, has seemingly attracted more criticism toward Lee Seung Gi.

The megastar had previously defended her in-laws against backlash through a lengthy statement on his Instagram, inviting more ire from the public.

Source: Chosun Ilbo

To get our latest news/breaking news as instant notification in your device, please allow VvipTimes to send you notification. If you prefer less noise, you can simply follow us on Twitter(X).

Breaking News