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Appellate court approves 7-year sentence for late Hanbo founder s son

ABCDEFG SEOUL, Jan. 22 (Yonhap) An appellate court on Friday upheld a lower court s seven-year prison sentence for a son of Chung Tae-soo, the late founder of the now-defunct Hanbo Group, who was convicted of embezzlement and other crimes last year after 21 years on the run abroad. The Seoul High Court also ordered Chung Han-keun, the fourth son of the late Hanbo founder, to forfeit 40.13 billion won (US$32.6 million) after finding him guilty of embezzlement, illicit capital flight and violating the foreign exchange law. The junior Chung received the same sentence from the Seoul Central District Court in April last year.

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