CNBLUE’s Jung Yong Hwa Insider Trading Suspicions, Lee Jong Hyun Fined

CNBLUE’s Jung Yong Hwa Insider Trading Suspicions, Lee Jong Hyun Fined

CNBLUEs Jung Yong Hwa Insider Trading Suspicions, Lee Jong Hyun Finedjun2yng June 30, 2016 0 CNBLUEs Jung Yong Hwa Insider Trading Suspicions, Lee Jong Hyun Fined CNBLUE’s Jung Yong Hwa, who have beenbelow investigation for insider trading, has been cleared of suspicion. Fellow CNBLUE member Lee Jong Hyun, who was once also investigated, changed into charged with a fine of 20 million won (approximately $17,300).

Jung Yong Hwa had been under investigation for gettingkind of 400 million won (approximately $347,000) value of FNC stocks on July 8 and nine of 2015, with which he then made a benefit of 2 hundred million won (approximately $173,400) after FNC recruited a significant celebrity. However, it was printed that at the time the stocks were purchased, discussions to recruit the fame had no longer yet begun, and Jung Yong Hwa had no wisdom of FNC’s plans to do so. It was revealed all over investigation that Jung Yong Hwa has entrusted his mom amongst his budget for some time, and the stocks in query were in realityboughtby skill of his mother, to no information of Jung Yong Hwa. It was most effective when Jung Yong Hwa heard that FNC recruited the famous person that he sold one of the stocks in their possession.

CNBLUE’s Lee Jong Hyun, consistent with reports, heard at the morning of July 15, 2015 from an acquaintance that FNC would be recruiting a noted celebrity. Without checking if the scoop had been reported or not, he purchased FNC stocks. However, once he learned that the transaction would purposeprisonproblems for him, he did no longer sell the stocks and has been conservingdirectly to them, which has trulyfee him. The prosecution, taking into account that Lee Jong Hyun has deeply reflected on his wrongs, has granted him a abstract indictment.

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