Prosecutors have demanded a prison sentence for Money Today Chairman Hong Sun-geun, who was indicted on charges of borrowing billions of won from private businessman Kim Man-bae in Daejang-dong and being exempted from interest in the 10 million won range.
The prosecution asked the court to sentence Chairman Hong to six months in prison and a fine of 14.54 million won in the first trial of violating the anti-graft law held at the Seoul Central District Court today (29th).
Chairman Hong was indicted in October 2019 on charges of borrowing 5 billion won from Kim in the name of his spouse and son and then paying back only the principal in January of the following year.
Chairman Hong is a person named as a party to the so-called "Daejang-dong 5 Billion Club" that legal professionals, politicians, and journalists received large amounts of money or were promised to lobby from Daejang-dong, including Kim and lawyer Nam Wook.
The court decided to hold a first trial hearing on Chairman Hong on January 8 next year.
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The prosecution asked the court to sentence Chairman Hong to six months in prison and a fine of 14.54 million won in the first trial of violating the anti-graft law held at the Seoul Central District Court today (29th).
Chairman Hong was indicted in October 2019 on charges of borrowing 5 billion won from Kim in the name of his spouse and son and then paying back only the principal in January of the following year.
Chairman Hong is a person named as a party to the so-called "Daejang-dong 5 Billion Club" that legal professionals, politicians, and journalists received large amounts of money or were promised to lobby from Daejang-dong, including Kim and lawyer Nam Wook.
The court decided to hold a first trial hearing on Chairman Hong on January 8 next year.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
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