On April 21, the Citizens´ Coalition for Economic Justice (CCEJ), a nongovernmental organization in South Korea, requested police investigations into the allegations that the Federation of Korean Industries (FKI), a chaebol lobby group, bankrolled the rightist Korea Parent Federation (KPF).
CCEJ urged the Seoul Central District Public Prosecutor's Office to launch investigations into whether FKI sent money to what appears to be a "borrowed name" account run by the KPF, whether the KPF violated the Act on Real Name Financial Transactions and whether it committed tax evasion and a breach of trust.
CCEJ said: “Prosecutors should launch investigations into whether the FKI violated the Act on Real Name Financial Transactions and committed tax evasion and a breach of trust. If it is true that the FKI funded the KPF without holding a general meeting or getting prior approval from the board of directors, it is tantamount to committing a breach of trust.”
The FKI allegedly sent a total of 120 million won to an account opened under the name of a foundation for Christian missionary work. The foundation for Christian missionary work, now defunct, turns out to have been inactive for the past two years.
And 17.5 million won of the money won was wired to KPF Director General Choo Sun-hee, who is in charge of the group's finances. From this account, 29 million won was sent to the head of a North Korean defectors' group.
