Arrest warrant for major shareholders of Bodyfriend founder and private equity fund in 'management dispute'

Prosecutors have requested a search warrant for the founder and major shareholders of private equity funds, who are in a management dispute over the massage chair company "Bodyfriend."

The Seoul Central District Prosecutors' Office has requested arrest warrants for three people, Kang Woong-chul, former chairman of the board of directors, and Han, the largest shareholder of the private equity fund "Hann & Brothers."

Earlier, Han & Brothers filed a complaint with the prosecution last year, accusing former chairman Kang of embezzling 6.2 billion won in compensation for his job invention and fraudulently using his corporate card.

Then, former chairman Kang responded by saying that Han and others used company money, such as paying for luxury hotel accommodation with a corporate card.

The interrogation of suspects before the arrest of former chairman Kang and others will be held at the Seoul Central District Court on the 4th of next month.