Tag: South Korea

S.Korea church leader faces embezzlement probe

| September 21, 2011 | 0 Comments

SEOUL — Prosecutors launched an investigation into the founder of South Korea's largest church, who has been accused by religious elders of embezzlement involving millions of dollars. Twenty-nine elders of the Yoido Full Gospel Church in Seoul asked prosecutors Tuesday to investigate Reverend Cho Yong-Gi and his eldest son Hee-Jun, for allegedly siphoning off donations […]

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Pastor indicted for embezzling Christian bank funds

| August 5, 2011 | 0 Comments

The first criminal division of the Seoul Central District Prosecutors’ Office announced Wednesday that it had arrested and indicted Pastor Kang Bo-young, 65, on fraud charges for misappropriating 2.38 billion won ($2.3M) received from 284 ministers and congregation members as investment for the establishment of a Christian social welfare bank modeled on the microlender Grameen […]

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