Former DSME CEO Ko Jae-ho has been sentenced to 10 years in prison for accounting fraud during his time at the yard.

Seoul central district court on Wednesday convicted Ko of cooking the books to grossly inflate assets, the Yonhap news agency said.

He was also found to have obtained loans using faked financial statements.

Ko was in charge of the restructuring shipbuilder between 2012 and 2015.

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