The Seoul High Court delivered the prison sentence for Yoo Hoe-won, also known as Paul Yoo, in October for announcing a false plan. He said Lone Star would carry out capital reduction on the credit card firm in 2003.
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2012/02/09 18:00 KST
(2nd LD ) Court upholds 3-yr prison term for former head of Lone Star's Korean unit
SEOUL, Feb. 9 (Yonhap) -- The Supreme Court upheld a lower court's three-year prison term for a former head of U.S.-based buyout fund Lone Star Funds' Korean unit on Thursday for manipulating stock prices of the credit card unit at Korea Exchange Bank (KEB) in 2003 in order to buy up the card firm on the cheap.
The Seoul High Court delivered the prison sentence for Yoo Hoe-won, also known as Paul Yoo, in October for announcing a false plan. He said Lone Star would carry out capital reduction on the credit card firm in 2003.
The Seoul High Court delivered the prison sentence for Yoo Hoe-won, also known as Paul Yoo, in October for announcing a false plan. He said Lone Star would carry out capital reduction on the credit card firm in 2003.
