Moo Lee, director of'Skin & Skin', a cosmetics company accused of participating in the Optimus Asset Management Fund fraud, was arrested.
The Seoul Central District Court arrested Lee, who is accused of embezzlement under the Specific Economic Weighted Punishment Act, saying, "The alleged fact is clarified, the damage is large, the matter is serious, and there is a risk of destruction of evidence in light of the relationship with other accomplices." A warrant has been issued.
In June, Mr. Lee is accused of embezzling Skin & Skin's funds of 15 billion won in the name of the dental mask distribution business, creating a false transfer confirmation certificate and submitting it to the board of directors as if the purchase price was paid.
At that time, 15 billion won was transferred to Epplus, an affiliate of Optimus, but it is known that it was mainly used to prevent Optimus from stopping the fund redemption.
Mr. Lee's older brother, Skin & Skin, Chairman Lee Mo, who was supposed to be interrogated today, did not appear in the warrant deliberation.
In August, the prosecution indicted Yu Mo, the general advisor of the new division of Skin & Skin, on the same charges.
(Photo = Yonhap News)