Four people indicted for ‘Yeongpoong Paper market manipulation’… Misappropriation of 280 billion won
A group of people accused of making profits worth hundreds of billions of won by manipulating the stock price of Youngpoong Paper, a KOSPI-listed company, has been put on trial.
The Financial and Securities Crimes Joint Investigation Department of the Seoul Southern District Prosecutors’ Office arrested and indicted four people, including Mr. Yoon, on charges of violating the Capital Markets Act today (3rd).
They are accused of manipulating the market price of Youngpoong Paper stock about 40,000 times and stealing about 280 billion won in unfair profits.
Youngpoong Paper’s stock price, which was around 5,800 won at the beginning of this year, rose to 50,000 won last August.
The prosecution plans to continue investigating accomplices and focus on confiscating criminal proceeds.
Reporter Kim Yu-ah ([email protected])
#Youngpoong Paper #Stock Manipulation #Arrest and Indictment
Yonhap News TV article inquiries and reports: KakaoTalk/Line jebo23
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2023-11-03 10:59:29
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