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We will deliver the breaking news of the discovery fund investigation that we reported exclusively.

Police are investigating whether the Discovery Fund continued to raise money from investors even though they knew something was wrong with the US manager they invested in.

Before domestic banks started aggressively selling funds, we obtained reports from US courts and looked at what was happening in the US at the time.



Reporter Hyung-woo Jeon reported exclusively.



<Reporter> This



is the November 2020 court management report on DLI, an American asset management company secured by SBS.



It was filed in the California State Court of the United States after the DLI president of the United States, who was managing the funds raised by the Discovery Fund, was indicted on charges of fraud.



Among them, the fact that in the middle of 2017, the assets of US management companies were revealed to be insolvent.



The value of investment assets decreased by 35 million dollars and our money by 40 billion won due to insolvency in the operation of 'Quadter Spot', a small business loan platform invested by DLI.



Then, DLI ordered the special purpose corporation DLG to purchase a $55 million Quadus Spot loan in September 2017 to alleviate this insolvency.



In particular, the report noted that DLG bought the loans at a price that was higher than their actual value.



It means that DLG has taken over the insolvency of DLI from the beginning of its establishment.



Most of the investment in the discovery fund purchased by domestic general investors went into this DLG.



[Goo Hyun-joo / Attorney: Judging from the decision to invest in DLG, which was carrying bad assets, there seems to be an absolutely necessary reason for Discovery Asset Management to continue issuing and selling this series of funds.



] There are things you can do.



80% of the money paid to early investors on DLI came from DLG and later investors.



Ambassador Ha-seong Jang and former head of department Kim Sang-jo invested in July 2017.



IBK's Discovery Fund sales will be concentrated from the end of 2017 to 2018.



[Kim Jeong-cheol / Attorney: In the end, the money that should be recovered from the existing investors is received from other investors and returned in the form of a blockade (seems to be a structure.)]



Even though Discovery recognized the insolvency of the fund of the US manager, the new investment Police are investigating whether there is a suspicion of a 'Ponzi scam' that pays profits to existing investors.



(Video coverage: Kim Seung-tae, Video editing: Kim Jun-hee)