21

0

General

CNBLUE's Yonghwa found innocent, Jonghyun charged fine for insider trading

Posted by yckim124764 pts Thursday, June 30, 2016
Yonghwa, Jonghyun, Jonghyun

CNBLUE's Yonghwa has been cleared of charges, while Jonghyun is being penalized for insider trading at FNC Entertainment


On June 30, FNC announced, "Jung Yonghwa and Lee Jonghyun actively participated in the investigation. The final ruling states that there was a misunderstanding with Yonghwa, and he was ultimately found innocent. However, for Jonghyun, he has been fined 20 million Won (~$17,342 USD)." 


SEE ALSO: CNBLUE's Yonghwa investigated for insider trading at FNC Entertainment


It was also reported that Yonghwa and Jonghyun have been under investigation since May for insider trading. Yonghwa was cleared of charges, but Jonghyun admitted to purchasing stock following the signing of a popular celebrity at FNC Entertainment. However, he has only been penalized with a fine as he did not re-sell once he found out that his actions were illegal. 


FNC Entertainment apologized for the controversy as well and promised to improve company management. 

  1. Yonghwa
  2. Jonghyun
  3. Jonghyun
  4. FNC ENTERTAINMENT
0 409,069 Share 100% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Red Velvet, Wendy
Koo Jun yup (DJ Koo)
Red Velvet, Wendy, Yeri
NJZ (NewJeans)
Red Velvet, Wendy, Yeri
Lee Kwang Soo, misc., Park Hae Soo, Shin Min Ah
Kim Seon Ho
IU, Park Bo Gum
NCT, Mark
misc.
Red Velvet, Wendy
EXO, Kai
NJZ (NewJeans)
Koo Jun yup (DJ Koo)
Red Velvet, Wendy, Yeri
New Message

SEND