Man Who Failed to Return Security Deposits on Time While Managing Family Building Acquitted of 'Embezzlement'
3 Articles
3 Articles
The Supreme Court has ruled that the act of using a security deposit received from one tenant to return another tenant's security deposit while managing a family-owned studio apartment cannot be unconditionally regarded as embezzlement. The ruling implies that if a building owner entrusted the management of security deposits for a long period without individually verifying how the money was spent, it is difficult to recognize the crime of embezz…
(Seoul = Yonhap News) Reporter Lee Young-seop = A man who had been in charge of managing lease agreements for a family-owned building for over 20 years but failed to return security deposits to some tenants on time...
A person who has managed a family-owned building for over 20 years and independently managed funds is immediately a crime of business embezzlement, even if he fails to properly prove the specific use of the lease deposit.
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