JYJ KIM JUNSUâS SIDE: âCONSTRUCTION COMPANIES EMBEZZLED CONSTRUCTION FUNDS. WILL TAKE DEFINITIVE ACTIONâ
JYJâs Kim Junsu, who is the director of Jeju Islandâs Toscana Hotel, and his party has revealed that they will take legal action. His side stated, âThe constructors of the hotel, Cheonji Consolidated Construction and Shijei Construction, have embezzled construction funds.â
Jeju Islandâs Toscana Hotel revealed through their media release on the 11th that âThe two construction companies charged over double the actual cost of construction. We are releasing proof of their embezzlementâ and âWe will take strong, definitive action through the courts.â
Regarding the construction companiesâ application to the courts for an order for payment in the amount of 5 billion won, and a provisional seizure of property in the amount of 1.8 billion won, Toscana stated âWeâve never borrowed money from them, yet theyâre trying to maliciously smear a Hallyu star.â
It is correct that on August 4th, a promissory note was written but was ânecessary as an accounting documentâ and there is no obligation to pay the two construction companies.
Because of worries that the promissory note would be maliciously used, Toscana states that they received a confirmation document immediately.
Toscana has revealed the promissory note, which states âThe promissory note is to be used as an accounting document by the bank and the company. There is no repayment value associated with it. On this, we have signed and sealed it.â
In the building process of the hotel, Director Kim Junsu took out a 15 billion won loan from Kookmin Bank and 9 billion won loan from Nonghyup Bank, the latter of which has already been repaid.
Toscanaâs legal representative, Attorney Jung Heewon, said âIn this process, 6 billion won was provided to the construction companies to purchase equipment for the hotel, to which Director Kim Junsu is liable for the debt.â
She added, âTherefore, Director Kim Junsu never had the obligation to repay the two construction companies in the first place.â
Toscanaâs Managing Director of Marketing, Park Sung Min, stated âThe construction companies knew we were going to take legal action and deliberately released malicious reports. They thought that because the director of our hotel is a Hallyu Star and can not take an active role in the conflict, that they could mock us through the media.â
He continued, âAfter JYJâs concert in Osaka on December 14th, we will lodge a lawsuit for compensation for damages.â
Source:Â No Cut News
Translated by:Â ohmyjunsu of intoXIAcation