However, the above punishment shall be executed for two years from the date of the final judgment.

Defendant

E is a 4-year imprisonment with prison labor for the violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes in the Gwangju District Court on November 19, 2014; Defendant F is a 3-year suspended sentence; Defendant G, and I are sentenced to a 2-year suspended sentence for each one-year suspended sentence due to a crime of aiding and abetting in violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (public conflicts).

1. Outline of construction works and causes of fraudulent construction works;

A. Of the “AC Apartment” being constructed in Sejong Special Self-Governing City (hereinafter “Seoul Special Self-Governing City”), the Corporation (hereinafter “ZF”) is a project proprietor and the Si project implementer and the Si project implementer with 330 households with eight and 30 households of AD block (1601-4 Dong), AE B block (1501-4 Dong Dong Dong), among “AC Apartment” under construction in AB of Sejong Special Self-Governing City (hereinafter “Seoul Special Self-Governing City”), and the AF (hereinafter “AF”) is a subsidiary of the Z, the AH block (1901-4 Dong) among the above apartment, and the project proprietor and the Si project implementer and the Si project implementer with 703 Dong-393 Dong-dong households and the Si project implementer.

After purchasing each block land from the Korea Land and Housing Corporation, on September 24, 2012, the two companies commenced the construction from November 2, 2012 with the approval of the project plan of the Administrator of the Multifunctional Administrative City Construction Agency on November 30, 2014, and proposed a minimum price of 14.9 billion won through open tendering for the selection of a reinforced concrete construction company, and a subcontract for construction works on January 31, 2013, and AJ concluded a construction contract on November 30, 2013, and AJ revised the terms of the contract to extend the completion date of construction works on October 16, 2013 to April 30, 2014.

However, while the AJ did not anticipate the increase in labor costs, construction materials, and equipment costs in the Sejong Construction site, it is difficult for the AJ to cope with the increased labor cost, etc. in the wind to conclude the said construction contract at low prices.

Therefore, there is a fund in the Z around September 2013.