Korea Computer Terminal Inc. Files Complaint Against Former Management Support Team Leader Over 2.5 Billion Won Embezzlement
Korea Computer Terminal Inc. said on Oct. 19 that it had filed a complaint against a former team leader in its management support department, identified only as Kim, for embezzlement under the Act on the Aggravated Punishment, etc. of Specific Economic Crimes, according to a filing with the Financial Supervisory Service's electronic disclosure system.
The amount embezzled was 2,598,159,678 won. The company said, "We will fully cooperate with the investigative authorities in their investigation and do our utmost to recover the losses through legal procedures," adding, "We will also strengthen internal controls to prevent a recurrence."
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However, the amount is based on the contents of the complaint and has not been finalized. Of the total, 1,206,615,033 won remains unrecovered. The amounts involved and unrecovered may change depending on the results of the investigation by the authorities.
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