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

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

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

Jung Yong Hwa had been under investigation for gettingmore or less 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 big celebrity. However, it was printed that at the time the stocks were purchased, discussions to recruit the fame had now not yet begun, and Jung Yong Hwa had no wisdom of FNC’s plans to do so. It was revealed right through investigation that Jung Yong Hwa has entrusted his mom amongst his budget for some time, and the stocks in query were actuallyboughtvia his mother, to no data of Jung Yong Hwa. It was handiest when Jung Yong Hwa heard that FNC recruited the superstar that he sold probably the most stocks in their possession.

CNBLUE’s Lee Jong Hyun, in keeping 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 within track had been reported or not, he purchased FNC stocks. However, once he learned that the transaction would purposeprisonproblems for him, he didn't sell the stocks and has been retainingdirectly to them, which has trulyfee him. The prosecution, making an allowance for that Lee Jong Hyun has deeply reflected on his wrongs, has granted him a abstract indictment.

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