Suspicions arose that companies operating hundreds of billions of private equity funds forged documents and invested in the wrong assets. The financial authorities immediately launched an investigation.
This is reporter Park Chan-geun.
repurchase is a private equity fund of Optimus Asset Management sold by NH Investment & Securities.
It is a fund that has been advertised as safe by investing in sales receivables of construction orders placed by public institutions with a size of KRW 38 billion.
NH Investment & Securities secured a statement from the insider that the data provided by Optimus was forged during the investigation.
It was also that the assets invested by the fund were not trade receivables of public institutions.
I visited Optimus Asset Management.
[Optimus Asset Management Official: ((Data) There was a forgery.) We will be informing you later on through the website or public announcement.] The
Financial Supervisory Service immediately went into investigation when allegations of forgery and fraud were filed.
As of the end of April, the size of the Optimus Fund sold by five securities firms exceeded 550 billion won, and if a private equity fund of the same structure ceases to be repurchased, there is concern for massive losses.
The “Italian Healthcare Fund” sold by Hana Bank last year was also operated as opposed to the original explanation, and the purchase was stopped.
As a result of the inspection, it was said that you invest in short-term bonds, and you invested heavily in long-term bonds. By buying bonds more expensively than the market price, you lost about 50%.
[Hana Bank Fund Sales Employee: I did a due diligence, but I saw the results that were too different from the report said by the manager.] In
spite of the very low interest rate, private equity funds that offered'stable high returns' were sold out, but suspicion of management fraud continued to grow and distrust grew. There is.
(Video coverage: Jang Un-suk, Video editing: Jong-woo Kim, CG: Seo-hyun Seo)
I advertised "safe"... 38.4 billion won fund'stop repurchase'
Suspicions arose that companies operating hundreds of billions of won in private equity funds forged documents and invested in the wrong assets. The financial authorities immediately launched an investigation. This is reporter Park Chan-geun. The repurchase was suspended by a private equity fund of Optimus Asset Management sold by NH Investment & Securities.