A former LG Group founding family scion was arrested in Cambodia after eight years on the run, police said. Koo Bon-hyun was taken into custody with Interpol assistance on Wednesday after being detained in Cambodia on Aug. 25, with investigators planning to refer him to prosecutors next week. He is suspected of violating South Korea’s Financial Investment Services and Capital Markets Act and committing embezzlement and breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes. Investigators allege he acquired two Kosdaq-listed companies between February 2016 and December 2017 without putting up his own capital, then made false disclosures to generate illicit profits. Prosecutors say he allegedly used shell companies to acquire the listed firms before taking out loans secured by shares in those companies to buy unlisted businesses viewed as promising. He then allegedly filed disclosures claiming the unlisted acquisitions were financed with equity capital rather than borrowed funds, helping drive share prices up. Authorities also suspect he profited by selling shares held under other people’s names. Police said the alleged scheme affected about 10,000 retail investors, with losses estimated at more than 200 billion won. Separately, Koo is also accused of embezzling about 4.6 billion won in corporate funds, including money spent on personal entertainment expenses. He is further suspected of breach of trust involving about 12.3 billion won, including borrowing funds without collateral from companies affiliated with the businesses he acquired. Interpol issued a Red Notice in 2019, after Koo fled Korea in October 2018 while authorities were investigating the case. Korean prosecutors had previously obtained an arrest warrant and suspended proceedings when he could not be found, and his passport was invalidated in May 2019. After his arrest in Cambodia, Korean authorities brought him back and arrested him on Monday. Police said they have not identified anyone who helped him evade authorities and will finish their investigation before referring the case to prosecutors next week.