Hong Won-sik, former chairman of Namyang Dairy Products, was arrested on the 28th.

The arrest of Hong Won-sik, former chairman of Namyang Dairy Products Co., who is accused of embezzlement and breach of trust, will be decided as early as the 28th.

At 10:30 a.m. on the 28th, the Seoul Central District Court will question former chairman Hong Won-sik, who is accused of breach of trust under the Special Police Act, before his arrest.

Former chairman Hong is accused of causing KRW 10 billion in damage to the company by operating Namyang Dairy Products, a listed corporation, and inserting a company run by his relatives.

He is also accused of receiving billions of won from suppliers in exchange for transactions and using corporate cards privately.

In addition, prosecutors found circumstantial evidence that Namyang Dairy ordered its employees to destroy evidence before being investigated in 2021 for falsely advertising that it was effective in preventing COVID-19 in Bulgarian dairy products.