After receiving a red wanted by Interpol on charges of breach of trust, Lee Mo, the CEO of an affiliate of the SsangBul Group, was released today (21st), who was arrested by the prosecution after returning to Korea voluntarily.
The Suwon District Prosecutors' Office, in charge of the investigation, took measures to return home as Lee's arrest deadline expired this afternoon.
Earlier, the prosecution requested an arrest warrant for Lee last month and requested a red request from Interpol.
Mr. Lee, who was staying in France, recently announced his intention to return home and was immediately arrested by the prosecution upon arriving on the 19th.
Prosecutors are investigating the allegations of embezzlement, breach of trust, and violation of the Capital Market Act by the Ssangbool Group, and are investigating whether or not there was any breach of trust and involvement in the convertible bond transaction of Company B, where Lee was the representative.
Prosecutors are closely examining the relationship between funds flow between affiliates, including the process of selling Ssangbull's convertible bonds (CB) worth 4.5 billion won in 2020, after receiving data from the Financial Intelligence Unit (FIU).
In addition, we are investigating the situation in which KINTEX CEO Hwa-Young Lee received money from Ssangbang-Bul, such as using corporate cards, in the amount of around 100 million won while he was vice-governor of Gyeonggi-do.