Thai Eastar Jet CEO faces arrest on breach of belief charges

The CEO of Thai low-cost service, Thai Eastar Jet Co., Park Seok-ho, is going through arrest on costs of breach of trust and different offences, according to the Jeonju District Prosecutors Office in Jeonju, South Korea. The prosecution requested a pretrial detention warrant for Park, and a court docket hearing is set to take place later today, reported Yonhap News Agency.
Behind the scenes was taken into custody on Tuesday, following allegations that he caused financial losses to South Korean low-cost service, Eastar Jet, by utilizing its funds to establish Thai Eastar Jet. Thai Eastar Jet, which was established in February 2017, is suspected of being owned by Eastar Jet founder and former Democratic Party lawmaker, Lee Sang-jik.
Reports suggest that Lee has been listed as an accomplice to Park within the written arrest warrant request. Lee is currently serving a six-year jail term after being convicted by a Jeonju district court in January final yr for embezzlement of company funds and breach of belief involving Eastar Jet.
Korea JoongAng Daily reported that up to 600 former workers of Eastar Jet didn’t obtain their wages or severance pay, amounting to a complete of 60 billion received (US$48 million). However, Strange and his household allegedly continued to reside a luxurious lifestyle using a company credit card and a leased foreign-brand car.
Lee is also suspected of involvement in a discreet transfer by the family of President Moon Jae-in’s daughter to Thailand in 2018. Moon’s son-in-law, who had poor English expertise, was reportedly recruited for a senior position at Thai Eastar Jet with a advice and assure from Eastar Jet in Korea. Despite Lee’s denial, there are issues that he might have performed a role in arranging the move, as the Thai service was established as a joint venture between Thai traders and Korea’s Eastar Jet.
Lee’s political career has been on the rise since he was appointed to a presidential job committee after Moon’s inauguration in 2017. He later headed the Korea SMEs and Startups Agency in 2018, and in 2020, received a ticket from the ruling party to run in Jeonju, a conventional voting base for the liberal celebration, and was elected with ease..

Leave a Comment