According to prosecution, Yonghwa had used insider information to purchase 21,000 FNC shares at a low price to later sell them at a much inflated value.
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Currently, prosecution is investigating 1~2 others for similar charges, and allegedly, one of them is another CNBLUE member.
FNC had released a statement regarding this incident, saying, "It's hard to comment on a case that is currently being investigated outside the court of law. Once investigations are over, we will reveal any details."