Minister Kim Eun-Seok removed from office

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Ambassador Kim Eun-Seok removed from office
Tribunnews.com - Monday, January 30, 2012 13:06 pm

TRIBUNNEWS.COM SEOUL - South Korean Foreign Ministry official ambassador took off position for energy affairs and resources, Kim Eun-seok, by accepting the results of examination of Korea's financial authorities.

State Department says it has received the examination results and financial authorities are also actively working on related investigation of the prosecution.

Korean financial authorities have conducted investigation on suspicion of stock manipulation CNK and asked to immediately dismiss ambassadors, Kim Eun-seok.

CNK's stock price soared after the news about the company reportedly CNK who acquire rights in a mining development in Cameroon, where the potential size of the diamond reserves overvalued in 2010. As a result, stock price manipulation.

At the date. December 17th of 2010, the State Department reports that the company CNK preach successfully obtained diamond mine development rights, with the judging of the potential size cadagangan 420 million carats of diamonds.

CNK's stock price jumped 5 Kalil ipat only within 3 weeks. Suspicions arise related and stock prices decline. Later, the State Department to preach again to support the activities of private companies diamond mine development and CNK's share price jumped again.

In the process, some related figures, including the ambassador Kim Eun-seok and his family allegedly pocketed huge profits.
Once the suspicion of manipulation, the Ministry of Foreign Affairs requested the examination to financial authorities and financial authorities asked for the ambassador position was dismissed amid Kim announced the results of the examination.

Attorney Party of South Korea is currently undertaking an investigation related to the case of

Source :
Authors: Budi Prasetyo |
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