Six S. Korean Journalists, Two Others Charged over Alleged Stock Manipulation Scheme
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5 Articles
Malay Mail
AlKhaleej TodaySix S. Korean journalists, two others charged over alleged stock manipulation scheme
SEOUL, July 29 — South Korean prosecutors said on Wednesday they had indicted eight people, including six business daily journalists, for allegedly manipulating stock prices and pocketing more than 9 billion won (US$6.19 million or RM25.3 million) in illicit gains, Yonhap News Agency reported.The suspects face charges of purchasing low-volume or highly volatile stocks in advance before inflating their prices by publishing favourable news article…
The Seoul Southern District Prosecutors' Office has indicted eight people, including a reporter and an accountant, on charges of violating the Capital Market Act for inflating stock prices using favorable news and pocketing 9.3 billion won in illicit profits.
(Seoul = Yonhap News) Reporter Kim Chae-rin = A group that pocketed approximately 9.3 billion won in illicit profits through insider trading, such as by driving up stock prices after publishing articles about featured stocks, is...
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