Previously Caught Embezzlement, but Company Shows Leniency
[Asia Economy Reporter Yoo Byung-don] The accounting manager who was prosecuted for embezzling several hundred million won of company funds for personal use has been sentenced to prison.
On the 22nd, Judge Park Ye-ji of the Seoul Southern District Court Criminal Division 7 announced that A, who was indicted on charges of embezzlement and forgery of private documents, was sentenced to 1 year and 6 months in prison.
Judge Park stated the sentencing reasons, saying, "Although the defendant reflected on the crime and repaid about half of the damages, a significant amount of the damages remain. The defendant embezzled more than 300 million won over about two years and forged related documents to present to bank employees, which shows the severity of the crime."
He added, "The embezzled money was used not for essential living expenses but for house payments and travel expenses," and sentenced the defendant to prison, noting, "The company appears to have suffered considerable damage to its operations due to each of the crimes in this case."
A was indicted on charges of embezzling a total of 300 million won by diverting company funds or transferring amounts exceeding actual salaries while working as an accounting manager from April 2018 to November 2019.
Investigations revealed that A, who was the accounting manager, exploited the fact that he kept the company’s bank passbook, digital certificate, and OTP card to arbitrarily transfer funds to his own account. It was also revealed that A used the embezzled money to supplement house payments or cover travel expenses.
Additionally, A is accused of forging a power of attorney and withdrawal request forms to close the company’s bank account and presenting them to bank employees.
It was reported that A had a prior record of embezzlement before this incident, but the company forgave him and allowed him to continue working as the accounting manager.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
