Chapter 412
The illegal activities during the Seosung Group's succession process had been an issue for a long time.
Chairman Im Jinyong's strategy regarding this was simple: Everything was the doing of his close aides, and he himself knew nothing.
In reality, a little thought reveals how ridiculous this story is.
The party in question supposedly knew nothing and stood by idly while his associates used every illegal and irregular method available—from issuing convertible bonds at a low price to accounting fraud and affiliate mergers—to hand him the management rights.
When an investigation began after the change in government, his aides willingly took the fall. Key figures like Seosung Bio's CEO Cha Gijin and CEO Myeong Sejoon were already under arrest and on trial.
When bribes given to political circles in exchange for turning a blind eye to the succession process became an issue, the blame was shifted to the late Chairman Im Il-kwon's orders.
Chairman Im Jinyong reaped all the benefits from the illegalities, yet he managed to escape all charges unscathed.
But this time was different.
Audio recordings and documents of his direct orders were leaked, and his testimony of knowing nothing was proven false.