Rain Cleared of All Embezzlement Charges

A report issued by the Seoul Central Prosecuters’ Office reports that Rain has been cleared of all charged of embezzlement!

After having a lawsuit filed against him and his company back in April, it was found that Rain is completely innocent of what he was accused of doing. The company who sued him specialized in fabric manufacturing and claimed that it had been forced to endure many financial losses because of Rain’s management agency’s (J.Tune Entertainment) fashion affiliate, J.Tune Creative. Rain was accused of investing two billion won in the affiliate, but embezzling the money through registering the company stock assets (worth around 2.5 billion won) under false pretenses.

It was eventually ruled that such accusations were false, and the claim that Rain’s modeling fees (totaling up to 2.2 billion won) was not excessive. Two officials at J.Tune were, however, indicted for embezzling a total of 900 billion won worth of firm money.

Rain was previously the largest shareholder of J.Tune Entertainment until recently, when he sold all of his shares and asked Park Jinyoung to take charge of the agency instead.

Source: 10Asia, tvbanimeonline.com
Written by: shadesofgrey@kpoplive.com