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Seoul Police Dismiss Embezzlement Charges Against Former E-Mart Official

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South Korean police have decided not to press charges against a former unregistered executive of E-Mart (KRX:139480), who was investigated for alleged breach of fiduciary duty.

The Seoul Metropolitan Police Agency concluded there was insufficient evidence to support the allegations, resulting in a no-charge disposition notified to the company on July 13, according to a bourse filing on the same day.

The confirmed amount of embezzlement or misappropriation was determined to be zero.

E-Mart said it is reviewing whether to file an objection or pursue other follow-up measures regarding the police's decision.

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