Eastar Jet founder indicted on charges of embezzlement, breach of trust
May 14, 2021
Prosecutors on Friday indicted the founder of cash-strapped budget carrier Eastar Jet for embezzlement and breach of trust. Lee Sang-jik, an independent lawmaker, faces several charges including causing about 43.9 billion won (US$38.8 million) in losses to the airline by underselling company shares to a subsidiary owned by his children in 2015. He is also suspected of embezzling about 5.3 billion won from its affiliates. Lee was arrested late last month, after the National Assembly passed a