SBS has obtained a Discovery-related court management report filed in a US court.
The report is a November 2020 court management report on DLI, a US asset management company, and was submitted to the California state court in the US after the US CEO of DLI, who was managing investments raised with the Discovery Fund, was indicted on charges of fraud.
As a result of SBS coverage, this report states that in the middle of 2017, before IBK began aggressively selling funds, the US assets that Discovery had already invested in were in bad shape.
In particular, in order to alleviate the insolvency, a special purpose corporation was established and the insolvent assets were handed over at a par value higher than their actual value.
The report noted that "80% of the money paid to early investors came from late investors."
Ambassador to China Jang Ha-seong and former Blue House Policy Director Kim Sang-jo invested in Discovery in July 2017.
The police are investigating whether there is a suspicion of a 'Ponzi scam' that pays profits to existing investors with new investment even after recognizing the insolvency of funds by US managers.
More details can be found on <SBS 8 News> tonight.