Authorities have found suspicious money transactions of large sums while investigating Core Contents Media's CEO Kim Kwang Soo for misappropriation of funds.
Currently, Kim Kwang Soo is being investigated for misappropriating a portion of the 4 billion KRW (~ 3.9 million USD) that was given by Kim Kwang Jin (former chairman of Hyundai Swiss Savings Bank) to use for his son, singer Kim Jong Wook's debut and promotions. It's said this investigation was brought about after a petition was filed back in October of last year.
According to Seoul News on the 15th, while the Seoul Central District Court's Financial and Tax Crime Department was investigation Kim Kwang Soo, they noticed that he had suspicious transactions with actress H as well as CJ E&M. Because of this, some believe that the investigations will spread from Kim Kwang Soo to cover many more in the industry.
SEE ALSO: Core Contents Media's CEO Kim Kwang Soo being investigated for alleged misappropriation of funds
Currently, Kim Kwang Soo is being investigated for misappropriating a portion of the 4 billion KRW (~ 3.9 million USD) that was given by Kim Kwang Jin (former chairman of Hyundai Swiss Savings Bank) to use for his son, singer Kim Jong Wook's debut and promotions. It's said this investigation was brought about after a petition was filed back in October of last year.
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