Man in his 50s accused of embezzling over 300 million won of company money, acquitted by prosecutors

A man who was handed over to the prosecution on charges of embezzling 300 million won of company money was acquitted.

According to the legal community on the 12th, the Jeonju District Prosecutors' Office decided not to indict Mr. A, a man in his 50s, who was transferred on March 27th on charges of embezzlement.

Mr. A is suspected of unauthorized withdrawal of about 350 million won from the accounts of three people, including company representative Mr. B, on 130 occasions over a period of about a year starting in 2023.

Mr. B and others claimed that they provided Mr. A with a business bankbook and card for business convenience, but that Mr. A used them for personal purposes.

Person A denied the charges.

They signed a partnership agreement with Mr. B and promised to share the profits.

He also emphasized that the business profits were distributed according to the agreement.

The police determined that Mr. A was not guilty.

The police explained, “There is a recording of the agreement claimed by the suspect, so there is credibility to the claim,” and “It is difficult to infer embezzlement because in addition to what the suspect took as proceeds, he also transferred money to the complainants.”

As Mr. B and others objected to this, the case was transferred to the prosecution, but the prosecution also decided not to indict due to insufficient evidence.

Attorney Kwak Min-seop of Daeryun Law Firm, who represented Mr. A in this case, said, "Mr. A maintained a horizontal relationship where he discussed the contents with Mr. B and others while carrying out his work," and added, "He was able to escape the charges by validating his claims through objective evidence such as transcripts and bank account transaction details."
 

Shin Min-ji (sourminjee@ikbc.co.kr)

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Man in his 50s accused of embezzling over 300 million won of company money, acquitted by prosecutors (link)