Former Haitai Group CEO Found Guilty
By Park Si-soo
Staff Reporter
A former business leader was found guilty Monday of embezzling corporate funds.
The Seoul Central District Court sentenced Park Kun-bae, a former chief administrator of Haitai Group, to an eighteen month prison term..
Park was indicted last November for embezzling 3.5 billion won from six Haitai subsidiaries.
``It is clear he directly or tacitly pressed the then heads of the six subsidiaries to support his embezzlement by using his corporate management power,'' the court said.