The Words of the Kim Family after 2009
|
|
The Words of the Kim Family after 2009 |
This is a news briefing for today's verdict on Peter Kim's criminal case.
Briefing; Verdict of the 2nd trial on the case of Peter Kim's Foreign Exchange (FX) Act Violation
Today June 21, the Seoul Central High Court dismissed defendant's (Peter Kim) appeal at the court of the violation of the Foreign Exchange Management Act. In the first trial the court imposed 30 million won fine and 240 billion won surcharges to Peter Kim and imposed a 30 million won fine to the Mission Foundation.
Today, the judge announced the brief note of the final decision and explained why Peter Kim is guilty in the following three points (Described below may differ slightly from the actual explanation by judge)
First, the judgment to Peter Kim's claim that he had no practical responsibility on the action of 21 million dollar's transfer.
Peter Kim was in the position to oversee the huge budget and finances of the Unification Church as the Secretary General of the Mission Foundation. Thus, in practice, even if Mr. Cho Kwang Su, Peter Kim's assistant, did actually direct the transfer, Peter Kim must be responsible on this act. In this regard his argue that he has no liability is wrong.
Second, the judgment to Peter Kim's claim that he or his office did not know the foreign-exchange trading should be informed
The one who made Foreign exchange trading has the obligation of the report. When you borrow money, especially in the foreign country, the Ministry of Strategy and Finance should screen its validity. Cho Kwang Su had enough experience and was aware of duty of report and avoided intentionally. Particularly, the sending bank noticed this to him but he ignored.
Third, the judgment to Peter Kim's claim that the verdict at the first trial is too heavy although he did not take any personal profit.
We judge whether the one violates the Foreign Exchange Act, regardless of the benefit of the individual.
Thus we dismiss the defendant's appeal.