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
"Oops, No Condom... 'I Probably Won't Get Pregnant' – Alarming Neglect of Contraception Among Korean Adolescents"
- Now Is Not the Time to Sell Samsung Electronics and SK hynix...Securities Firms Say "The Market Greatly Misunderstood"[Weekend Money]
- Couple in Their 40s Die in Fall from Uijeongbu Apartment in Broad Daylight... Two Children Also Found Dead
- "No Need for Private Academies: Saving 800,000 Won a Month and Boosting Grades... Parents Flock After Hearing the News"
- "200,000 Won Per Person Before Chuseok"… Local Excitement Over Livelihood Support Grant in This Region
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.
![Yen Strength to Drive Won Appreciation"... FX Market on Alert as Japan Steps Up Intervention [Weekend Money]](https://cwcontent.asiae.co.kr/asiaresize/307/2025022616070047690_1740553620.jpg)
