According to SBS coverage, it was confirmed as a result of SBS coverage that Ambassador Chang Ha-seong invested 6 billion won in his and his wife's name in a discovery fund created by his brother Ha-won Jang, CEO of Discovery Asset Management.
The Discovery Fund is a fund that sparked controversy as the redemption was suspended in April 2019, two years after the sale, and more than 250 billion won in damages to investors.
In the process of dramatically increasing the size of the Discovery Fund, suspicions of his involvement with Ambassador Jang, who was then the Blue House Policy Director, continued.
In addition to Ambassador Jang, it was confirmed that Kim Sang-jo, former head of policy at the Blue House, and some professors at Korea University also invested in the Discovery Fund.
Earlier, the police secured a file containing the contents during the search and seizure process of Discovery Asset Management.
The police are known to have questioned CEO Jang Ha-won, who was present today as a suspect, whether their investment losses were compensated, and whether CEO Jang played a role in this process.
Ambassador Jang said in a phone call with SBS, "I invested in the Discovery Fund with the proceeds of stocks disposed of prior to the disclosure of the property of high-ranking officials, and there was no preferential treatment."
Kim explained, "He was in a situation where he could not enter a public office and invest in stocks, so he invested in a private equity fund that he understood well."
You can see more details on <SBS 8 News> shortly.
(Photo = Yonhap News)