Prosecutors Indict Loan Shark for Gaining 10 Billion Won from Lime Investment Listed Company
[Asia Economy Reporter Yoo Byung-don] The prosecution investigating the Lime Asset Management scandal has indicted a loan shark known to have participated in market manipulation of the KOSDAQ-listed company Esmo.
The Criminal Division 6 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Jo Sang-won) announced on the 25th that loan shark Hwang, who participated in market manipulation of Esmo, which received investment from Lime Asset Management funds, and gained illegal profits exceeding 10 billion KRW, has been arrested and indicted.
Hot Picks Today
"The Transfer Failed, but 'Ding Dong' Money Came In"... 32.5 Billion Won Financial Incident at Toss Bank
- "Those with Money Have Already Moved Their Gold"... Holdings Surge 16-Fold as Wealthy Investors Flock to 'This Country'
- "A Shot on One Side, and Cancer on the Other Side Melted Away"... Breakthrough Against Hard-to-Treat Cancer With a 30% Survival Rate [Reading Science]
- "Anthropic to Pursue Mid-November IPO... Left Alone in IPO Market"
- 'Hangover Legend' Returns After 11 Years... Lee Sunmin Hyung's 'Captain Q' Sells Out
Hwang, who was asked by the group that acquired Esmo without capital, was arrested on the 11th on charges of obtaining illegal profits worth approximately 10.3 billion KRW using corporate accounts he operated.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
