Former Yuri Holdings CEO Yoo In Suk Pleads Guilty To Charges Related To Burning Sun Controversy

Yoo In Suk, the former CEO of Yuri Holdings, has pled guilty to charges including prostitution mediation and embezzlement.

On the morning of June 3, the Seoul Central District Court held the first hearing for six people connected to the Gangnam club Burning Sun, including Yoo In Suk. Their charges include occupational embezzlement, prostitution mediation, violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes, and violation of the Food Sanitation Act.

Yoo In Suk has been put on trial on charges of prostitution mediation (a violation of the Act on the Punishment of Arrangement of Commercial Sex Acts, etc.). He has been charged with mediating prostitution for foreign investors (including a group of Japanese businessmen) a total of 24 times from 2015 to 2016, together with former BIGBANG member Seungri.

Yoo In Suk is also charged with occupational embezzlement for using Yuri Holdings’s company funds to pay when playing golf with Senior Superintendent Police Officer Yoon. Yoo In Suk has been described as the “problem solver” of the controversial group chat room including celebrities such as Seungri, Jung Joon Young, and Choi Jong Hoon. It was reported during the initial Burning Sun controversy that Yoo In Suk was friendly with Senior Superintendent Yoon, who is suspected of having suppressed investigations related to Burning Sun.

On June 3, Yoo In Suk’s lawyer stated, “He pleads guilty to all charges, and we will submit a written statement that goes into detail about matters such as his degree of involvement and factors that should be considered in the assessment of his case.”

His lawyer went on to clarify that while Yoo In Suk admits to the charges of embezzlement of Yuri Holdings’s funds, there are aspects that require a legal investigation and they will be sharing their concrete views with the court later on.

The second hearing will be held on June 22. Meanwhile, Seungri, who was indicted on suspicions of prostitution mediation along with Yoo In Suk, enlisted in the military in March and will be tried in the military courts.

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