A Seoul appellate court on Tuesday upheld an earlier conviction against the chairman of LIG Group for fraudulently issuing commercial paper worth around 215 billion won (US$198 million), handing down a suspended prison term. Koo Cha-won, 79, had received a three-year sentence from a lower court for orchestrating the fraudulent issuance under the name of the group's construction arm, LIG Engineering & Construction Co., to get back stakes in the group's subsidiaries.