‘188 billion embezzlement’ Osstem Implant likely to be investigated for accounting fraud

The Financial Supervisory Service is expected to conduct an investigation into whether the financial statements, such as accounting fraud of Osstem Implant, where the 188 billion won embezzlement case occurred, were prepared legally. The Financial Supervisory Service announced on the 5th, “We are reviewing the investigation status of the Osstem Implant embezzlement case and whether the company’s financial statements have been revised.” The Financial Supervisory Service released an audit report in the third quarter of last year, when the incident occurred as the company disclosed the facts of embezzlement by internal employees.

Reference-www.hani.co.kr

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