The Financial Supervisory Service is pushing for 'prosecution charges' against Kakao Mobility

Reporter Paul Lee / approved : 2024-02-26 02:02:05
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[Alpha Biz=(Chicago) Reporter Paul Lee] The Financial Supervisory Service will push for the highest level of sanctions after completing supervision of the alleged "fraud accounting."

According to the financial investment industry on the 26th, the Financial Supervisory Service sent a preliminary notice of action against Kakao Mobility on the previous day. A preliminary notice of action means that the FSS sends the action to the company before submitting it to the Supervisory Commission under the Financial Services Commission.

The Financial Supervisory Service decided to impose fines on Kakao Mobility, recommend the dismissal of its CEO, and file a complaint with the prosecution.

'Intentional first step', which is the highest decision standard in the measure, was applied. The criteria for determination shall be divided into motive (intentional, gross negligence, negligence) and importance (stages 1 through 5). Both motivation and importance are applied to the highest level.

The Financial Supervisory Service has started monitoring Kakao Mobility's inflated sales of its franchise taxi business since 2020, judging that it constitutes accounting fraud.

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)

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