Prosecutors seek fines for AhnLab's major shareholder

Prosecutors said Thursday they have asked for a summary judgment against the second biggest shareholder of AhnLab on charges of failing to report information on his shareholding, seeking a fine of 100 million won ($92,130).

Won Jong-ho, who owns around 10 percent of stakes in the country's largest anti-virus software firm founded by independent presidential candidate Ahn Cheol-soo, allegedly did not report his increased shareholding to the financial regulator, prosecutors said.

Under the law, any shareholder who has a change of shareholding in any listed company which results in their holding being more than 5 percent must notify the Financial Supervisory Service (FSS) within five days of the transaction.

Won's stakes increased from 9.2 percent to 10.8 percent after he purchased an additional 160,000 shares in June 2009, but failed to properly notify the FSS for more than two years and six months, they said.

Prosecutors, however, said there was no intentional wrongdoing to his crimes as they wrapped up the investigation. (Yonhap)