The chief prosecutors of the Seoul Southern District Prosecutors' Office today (20th) expressed their opposition to the promotion of the 'examination and complete deprivation of the prosecution's investigative authority'.
Seoul Southern District Prosecutor's Office, Park Seong-hoon, Head of Financial and Securities Crime Investigation Cooperation Group, Moon Hyeon-cheol, 1st Financial Investigation Division, Kim Rak-hyeon, 2nd Financial Investigation Division, and Kim Ki-hoon, 6th Criminal Investigation Division, issued an appeal and said, "As a working person in charge of the Seoul Southern District Prosecutors' Office directly dealing with financial and securities crimes occurring in the capital market "I have to express my great concerns about the passage of the bill," he said.
They said, "To combat financial and securities crimes, the prosecution designated the Seoul Southern District Prosecutors' Office as the central prosecutor's office for financial crimes and established a cooperative system with related institutions such as the Financial Services Commission, the Financial Supervisory Service, the Korea Exchange, and the Korea Deposit Insurance Corporation. We have responded quickly and efficiently, from the detection of signs of abnormal business transactions, administrative investigations by financial authorities, compulsory investigations and prosecution by the prosecution, execution of sentences and deprivation of criminal proceeds.”
"If the 'check-and-run' bill is passed as it is, the cooperative system between the prosecution and related agencies will collapse and the investigative know-how accumulated over the years will be lost. It has to be,” he insisted.
"The financial market will become a playground for ant predators who drag good ant investors to hell, and the damage will not only affect individual investors but also the entire economy of our country," he said.
Hapsudan was called 'Yeouido Grim Reaper', and after the inauguration of former Justice Minister Choo Mi-ae, it was designated as a 'hotbed of corruption' and was abolished in 2019.
However, in September of last year, a year after the abolition, it was renamed the Financial Securities Crime Investigation Cooperation Agency and returned.