Fintech founder Joe Cho charged with fraud in South Korea
Add BT as a preferred source
Singapore
JOE CHO SEUNGHYUN, the founder of Marvelstone Group - a fintech firm once based in Singapore - has been charged with fraud in his home country of South Korea and is set to appear in court in Seoul at his first hearing this Friday, a court document seen by The Business Times showed.
He continues to be investigated by the police over the same allegations of fraud brought on by a separate set of over 70 investors who have claimed that more than 10 billion Korean won (S$11.5 million) of investments are due to them, said their lawyer Noh Joohee. The first hearing on Friday pertains to investigations based on reports from a separate "dozen" of investors, Ms Noh told BT.
TRENDING NOW
Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Johor property old hand KSL readies family handover amid market boom
As India and China surge ahead with nuclear energy, all eyes on Asean’s next move
