The SBS reporting team met with CEO Jeong Mo, who led the apartment project on the site of the Food Research Institute in Baekhyeon-dong.
CEO Jung answered a reporter's question about his relationship with Kim In-seop, who served as the presidential candidate for Lee Jae-myung during the 2006 Seongnam mayoral election.
In 2016, CEO Jung signed a stock sale contract giving Kim 50% of the developer's stock.
The value of 250,000 shares was once valued at about 30 billion won.
They later agreed on the condition of giving and receiving 7 billion won.
CEO Jeong said that Kim, who was in a business relationship, was arrested in another case, but after being released from prison, he could not overcome blackmail and intimidation to ask for a share and signed the contract.
It was also revealed that Kim received 230 million won five times from CEO Jeong before and after being released from prison in April 2016.
Suspicions are being raised that the money Kim received is not a de facto cost of activities that he handed over in hopes of the convenience of licensing.
CEO Jung explained that there was no problem as long as he had a certificate of borrowing.
Baekhyeon-dong, Seongnam-si, along with Daejang-dong, is where the development project took place during the time when candidate Lee Jae-myung was the mayor.
At that time, while the use of the site was raised four steps from green to quasi-residential, CEO Jung earned more than 100 billion won in development profits.
Kim In-seop, who is known to be hiding in a pension in Gyeonggi-do, did not respond to inquiries from SBS reporters.
More details can be found on <SBS 8 News> on the evening of the 10th.