Easter Jet manager in embezzlement case

Easter Jet Airline based in Gangseo-gu, Seoul, has seen one of its senior financial officials indicted for embezzlement this week. The identity of the accused official has not been revealed by the prosecution. However, he is known to be a relative of Eastar Jet’s founder Lee Sang Jik. He was charged with misappropriation of funds and breach of trust. In 2015 the person allegedly undersold KRW48bn worth of company shares at KRW10bn “company shares that are owned by the company’s affiliates of particular subsidiaries”. The prosecutor’s office in Jeonju stated that this “greatly damaged the airline”. Furthermore, the “high official”