Deals & Cases

Finance & Restructuring Feb-11-2016
  • Share

    1. URL

DR & AJU Secures Acquittal for Ambassador Involved in CNK Stock Price Manipulation Scandal

In the CNK Stock Price Manipulation Scandal, the chairman of CNK International, a resource development company, misled investors by inflating the stock price with false claims about diamond reserves at a Cameroon mine. Kim Eun-seok, the former Energy and Resources Ambassador at the Ministry of Foreign Affairs and Trade, was indicted for allegedly issuing a press release conveying false information in collusion with the chairman. DR & AJU represented Ambassador Kim in the appellate court, successfully securing an acquittal by having the prosecutor’s appeal dismissed.


 

Related Article:

http://www.etoday.co.kr/news/section/newsview.php?idxno=1282440