Lee Ho-jin, former chairman of Taekwang Group, was sent on charges of embezzlement and breach of trust.

Former Taekwang Group Chairman Lee Ho-jin, who is accused of siphoning off billions of won in company money or causing damage, has been handed over to the prosecution.

The Seoul Metropolitan Police Agency's Anti-Corruption and Public Crime Unit sent former chairman Lee, who is suspected of embezzlement and defiance under the Specific Economic Crimes Act, without detention today (30th).

Former chairman Lee is accused of mobilizing group affiliates to raise billions of won in slush funds and paying for construction of private golf courses through Taekwang CC.

You are also accused of using your affiliate's corporate card in private.

The police also sent Kim Ki-yu, former chairman of the Management Council, to the same charges as Lee.

An official from Taekwang Group said, "The investigation began when former chairman Kim reported to the police to pass on his criminal acts to former chairman Lee, and claimed that the criminal charges Lee received were committed by former chairman Kim."