Despite being convicted of embezzling nearly a million dollars, the CEO of the largest foreign language business in South Korea, Pagoda has received no jail time with her entire sentence being suspended:
Park Kyung-sil
PAGODA Academy CEO Park Kyung-sil was found guilty of embezzlement and breach of trust, an appellate court said Tuesday.
The Seoul High Court sentenced the 61-year-old leader of Korea’s major foreign language institute to two-years-and-six months in prison with the term suspended for three years.
The ruling was made after the court reviewed the case at the request of the Supreme Court, which found faults with the grounds for the appellate court’s ruling.
Park was indicted in 2013 on charges of pocketing one billion won ($849,000) in corporate money and inflicting losses of 53 billion won on the company by mismanagement. She pled guilty to the embezzlement charge. [Korea Times]
“Park was indicted in 2013 on charges of pocketing one billion won ($849,000) in corporate money and inflicting losses of 53 billion won on the company by mismanagement.”
I find it hard to believe that she caused the company to lose 53 billion won and she was only able to skim one billion of from that 53 billion.
I suspect ol’ girl has a few accounts hidden around Seoul that contain most of that 53 billion won.
“Park was indicted in 2013 on charges of pocketing one billion won ($849,000) in corporate money and inflicting losses of 53 billion won on the company by mismanagement.”
I find it hard to believe that she caused the company to lose 53 billion won and she was only able to skim one billion of from that 53 billion.
I suspect ol’ girl has a few accounts hidden around Seoul that contain most of that 53 billion won.
Considering her light sentence some of the money she has hidden probably ended up in the pockets of some influential people.