[ad_1]
Check-in 2020.05.04 18:00
The | Review 2020.05.04 18:27
Incorrect profit of 190 billion won by investing 35 billion won without payment
Stock trading using undisclosed information within the company
“The same charges” 은 Moon Eun-sang is likely to request an arrest warrant
Two top suspects in the “Sillangen case”, where passport greetings were implicated, were accused of being accused of unfair gains of 1.9 billion won in the stock trade. The prosecution is said to have a plan to file an arrest warrant for the same charge against Sillagen representative Moon Eun-sang (44) sooner or later.
The Seoul South District Prosecutor’s Financial Survey Part 1 (Deputy Director Seo Jeong-sik) is a law on violation of laws related to capital market and financial investment business, and punishment of specific economic crimes, etc. It was announced on the 4th that he was charged with arrest for raping (gambling).
The prosecution believed that they acquired BW worth 35 billion won without paying the bill, made an unfair profit of 1928 billion won, and bought patents related to the development of new drugs at a high price, accusing Shinragen of 2, 9 billion won in damages. In this process, they used information within the company prior to the announcement of the clinical discontinuation of the immune capture agent “Pexapeg” developed by Sillagen. Because of this, the individual investors who bought the Shinragen shares suffered greatly.
According to an analysis by the legal profession, prosecution investigations were conducted to prove Moon’s crime. From March 2014 to December 2015, Moon is accused of buying Shinragen’s BW 35 billion worth of money without paying his own money through Paper Company’s “Crest Partners”. Through this, Moon secured 10 million Sillagen shares.
Shilla Zen, who entered KOSDAQ in 2016, once ranked second in KOSDAQ’s market capitalization (9.8 billion won). However, Pexapac’s clinical trials were suspended and the stock price plummeted. Subsequently, Moon used this internal information to sell 1.56 million shares on the market in December 2017, resulting in a profit of 100 billion won, and it was discovered that he had sold more than 10 shares before August 2019.
When Lee and Gwak Kwak were arrested and charged, Moon was also more likely to be treated in the near future. Prosecutors believe Moon committed the crimes with Lee and the former Kwak Kwak, who were charged today. Prosecutors arrested former Representative Lee and former Gwak Gwak on the 17th of last month, and on the 21st they also seized and searched Shilla Zen Seoul’s office and Moon’s home. Moon suddenly collapsed during a subpoena investigation on the 29th of last month and was hospitalized.
In August last year, the prosecution launched an investigation, seizing and searching the Sillagen headquarters. In addition to corruption of Sillagen shareholders and executives, the prosecution has also conducted investigations in related areas of former Value Investment Korea (VIK) representative Lee Cheol, who was the first investor in Sillagen. VIK invested more than 45 billion won before Sillagen went public, and was once the largest shareholder with a 14% unlisted stake in Sillagen.
However, in late 2015, VIK sold all of its shares in Sillagen when Lee Chul-cheol’s representatives were subjected to judicial investigations for financial fraud. VIK is known to have earned tens of billions of won by selling Sillagen shares purchased at 3,000 to 5,000 won per share for 20,000 won on over-the-counter markets. Former CEO Cheol Lee was sentenced to 12 years in prison for financial fraud fraud that raised illegal investments of 700 billion won from 30,000 people last September.
Victims of the VIK investment have raised suspicions that Lee, former president of the National Participation Party and former president of the National Participation Party, put pressure on political and related personnel. In fact, former Director of Public Affairs Changho Kim was sentenced to one year and six months in prison, receiving 692 million won from the former representative from 2012 to 2014.
Prosecutors are reportedly pursuing the ambiguous use of KRW 3.6 billion among the KRW 41.1 billion invested in Sillagen in 2013 and 2014 by VIK. On behalf of a fund called ‘JNC’ on behalf of a VIK investor union, the use of KRW 3.1 billion deposited in Sillagen is uncertain.
