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Dental firm sues employee for embezzling almost $158 million

Posted On: Jan. 5, 2022 9:49 AM CST

Employee theft

South Korean dental implant maker Osstem Implant Co. Ltd. has sued one of its employees for allegedly embezzling 188 billion South Korean won ($157.7 million) worth of corporate funds, Yonhap News Agency reported. The embezzled amount is almost 92% of Osstem’s equity of KRW204.76 billion, and it would be the largest-ever embezzlement case in the history of South Korea’s listed companies.