CNBLUE's Yonghwa has been cleared of charges, while Jonghyun is being penalized for insider trading at FNC Entertainment.
On June 30, FNC announced, "Jung Yonghwa and Lee Jonghyun actively participated in the investigation. The final ruling states that there was a misunderstanding with Yonghwa, and he was ultimately found innocent. However, for Jonghyun, he has been fined 20 million Won (~$17,342 USD)."
SEE ALSO: CNBLUE's Yonghwa investigated for insider trading at FNC Entertainment
It was also reported that Yonghwa and Jonghyun have been under investigation since May for insider trading. Yonghwa was cleared of charges, but Jonghyun admitted to purchasing stock following the signing of a popular celebrity at FNC Entertainment. However, he has only been penalized with a fine as he did not re-sell once he found out that his actions were illegal.
FNC Entertainment apologized for the controversy as well and promised to improve company management.
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