Nan Chul Shin, the founder of Nan Inc is among the most powerful and remarkable personalities in this competitive domain. He began alone in 1990 and today, his company’s overall portfolio is about $450 million and they have more than 700 professionals working in the company.

Fast forward after 30 years, this multi-million company has been involved in offering a variety of real estate options to its customers. Their company’s fast-paced growth expansion is unmatched and some people could not digest this fact.

They imposed some severe allegations against him and quoted that the founder was involved in bribing some government officials. Two individuals made the allegations on behalf of the United States of America following 31 U.S.C. § 3729 et seq.

All previous allegations were falsified

When the government of the US probed into the matter they found that all the allegations made against the founder of the company, Nan Chul Shin is innocent and had not committed any wrongdoing. Previously the plaintiffs made allegations that the owner gave bribes to government officials and they also accused that some authorities are also involved in it. However, all these claims were baseless and completely untrue.

The two plaintiffs who raised the serious allegations against him took their case back and also issued an apology with sincere regrets. The individuals voluntarily rolled back the case from the founder and issued apology letters. It would have been really helpful for the founder of Nan Inc as it helped them gain much better audience visibility.

What was in the public apology made

Both plaintiffs issued a regretful apology letter for all the company members and the founder. They mentioned that they are very regretful for their wrongdoing activities. In addition, they also stated that they are now more aware of the laws and the regulations. They also mentioned in the post that if they have negatively hurt anyone during this whole process, they are regretful about them. They especially mentioned the government officials who got hurt in this incident. They wrote if they’ve done damage monetary, emotional, or otherwise, they are very regretful for the same.

Wrapping up

After the US court’s final verdict, it’s proved that the founder of the company, Nan Chul Shin is innocent and all the allegations are false. After knowing the laws and regulations, the plaintiffs said they will never perform such unlawful activities in the future with anyone. Now the owner of the company is planning to grow their business exponentially and serve more customers. After the allegations are waived off, the founder of the company is keen to focus on offering more quality services to stand apart from the crowd.

man wearing watch with black suit Previous post UNDERSTANDING THE PERSONAL INJURY BOTTOM LINE
Close