Kim Ye-seong, an affiliate of former first woman Kim Keon Hee / Yonhap
A particular counsel crew on Monday demanded an imprisonment of eight years for an affiliate of former first woman Kim Keon Hee, who’s presently on trial on costs of embezzlement.
Particular counsel Min Joong-ki’s crew additionally requested that Kim Ye-seong, dubbed the “butler” of the previous first woman’s household, be ordered to forfeit 430 million gained (about $290,000).
The affiliate was indicted in August on costs of embezzling 2.43 billion gained from IMS Mobility, a automobile rental firm he helped set up, in collusion with the corporate’s CEO Jo Younger-tak.
The particular counsel crew suspects that IMS Mobility unfairly obtained 18.4 billion gained in investments from a number of firms, together with Kakao Mobility Corp. and Shinhan Financial institution, via a personal fairness agency in 2023. It additionally suspects the investments had been made in consideration of the corporate’s connection to Kim and the previous first woman.
The crew stated in court docket that Kim Ye-seong spent his legal proceeds on himself after shopping for actual property and shares value about 3 billion gained.
Nevertheless, it’s recognized that the crew has not confirmed any connection between the affiliate’s alleged embezzlement and the previous first woman.
