By Richard Hines
Mr. Park, vice president of Vidente Co, a Bithumb-affiliated business, committed suicide today, as evidenced by the discovery of his lifeless body by the police in front of his home.
The death occurred during an investigation into a Fraud case Mr Park was alleged to be involved.
Death Of Mr Park
Mr Park, a vice president of Vidente Co. who was also a significant shareholder in the South Korean exchange Bithumb, was said to have killed himself in front of his home.
According to the police report on the incident that led to his death, the shattered window in his home indicates that he killed himself by jumping out of the window.
All available information indicates that the death was a suicide, and investigations are still ongoing.
During these serious allegations from the South Korean government, Mr Park passed away.
When word of Mr Park’s death spread, he was under investigation by the authorities and accused of money laundering.
He allegedly committed suicide while investigators were still investigating an alleged fraud case.
Fraud Allegations And Investigation
When Mr Park was accused of money laundering, fraud, and market manipulation of the South Korean exchange, Bithumb shares, it was thought that he had made this choice throughout the course of the investigation. The firm’s supervisor was also suspected of engaging in this fraud incident.
Investigations of top Inbiogen company executives who have connections to Vindente, whether through ownership of stock or other roles, are now ongoing.
According to information that has reached the media, Park worked for this company as an accountant.
However, these top executives transferred all responsibility for the fraud and price manipulation on Mr Park, who is now deceased.
Given that there is no one left to bear the repercussions of these acts and charges, the death report may indicate the end of this case.
According to reports, Lee Jung-hoon, the founder of Bithumb Crypto exchange, was also charged with fraud and money laundering in the amount of over 50 billion won at the beginning of this year.
On the basis of the offence he was accused of perpetrating, the South Korean Prosecutors, in this case, sought an eight-year jail term for the founder.
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