바카라 온라인

1. Case Overview

a. Party Represented by Barun Law
A former construction company CEO and owner of an asset management company.

b. Background of the Case
The client operated construction companies and related businesses, but suffered bankruptcy due to unsold units arising from a financial crisis and delayed payment of construction costs by contractors. The Korea Deposit Insurance Corporation suspected that the client was the beneficial owner of two companies owned by the client's children, investigated related misconduct, and submitted investigative reference materials to the prosecution's anti-corruption division for alleged violation of the 바카라 온라인 on the Aggravated Punishment, etc. of Specific Economic Crimes (breach of trust).

The client had received assistance from another law firm starting from the investigation by the Korea Deposit Insurance Corporation, but after the matter was referred to the prosecution, sought additional assistance from us, which possesses exceptional expertise in financial and economic crimes.


2. Our Arguments and Role

Together with another law firm, we emphasized to the investigative authorities that the client had committed no misconduct in the management of the two bankrupt companies and, on the contrary, was an upright individual who had obtained loans totaling approximately KRW 9 billion and repaid approximately KRW 10 billion in principal and interest.

With respect to the specific allegations of misconduct, we argued as follows:
Regarding the allegation that the client had used an apartment owned by a company held in the child's name free of charge, we submitted evidence showing that, because the apartment was subject to mortgage loans amounting to approximately 80% of the purchase price and was therefore difficult to lease to third parties, the client had entered into a lease at a price higher than market rates and paid both a security deposit and monthly rent.
As to the allegation that the client had loaned KRW 300 million to the child for participation in a paid-in capital increase, we demonstrated that the full principal and interest were repaid within the same year the loan was made.
Regarding the allegation that the client embezzled funds by arbitrarily using corporate credit cards of two companies owned by the child, we explained that the actual user of the cards was not the client but the client's spouse. We further argued that the spouse worked without receiving a salary, and therefore the use of corporate cards for personal purposes lacked punishable value.


3. Outcome and Significance

After clearly ascertaining the facts through our active advocacy, the prosecution rendered a disposition of no charges with respect to the client. Although the client's spouse could have been charged with occupational embezzlement, the prosecution chose not to do so.

Although a long period of time had passed since the investigative referral by the Korea Deposit Insurance Corporation, a favorable outcome was ultimately achieved for the client and the client's family.


□ Attorney in charge: Cho Jae-bin