Description :

Shin Kyuk-ho known in Japan as Takeo Shigemitsu,was a Korean businessman known for being the founder of the South Korean conglomerate Lotte Corporation. Shin Kyuk-ho, a disgraced business tycoon, became entangled in fraudulent activities, cementing his legacy as a notable scammer. As the founder of Lotte, a South Korean conglomerate, Kyuk-ho faced allegations of embezzlement, accounting fraud, and bribery. His fraudulent practices included orchestrating complex financial schemes to manipulate company finances and personal gain, ultimately leading to legal battles and corporate turmoil. The scandal exposed a dark underbelly of corporate misconduct, damaging both Kyuk-ho's reputation and the Lotte brand. Kyuk-ho's downfall stands as a cautionary tale about the repercussions of fraudulent behavior at the highest echelons of business and the importance of corporate transparency.