Prosecutors have launched a massive forced investigation into a party suspected of manipulating stock prices taking advantage of the global corona crisis.
As a result of the SBS End Panda Team coverage, the prosecution recently seized and searched three KOSDAQ-listed companies and arrested two corporate executives on charges of manipulating stock prices using corona diagnostic kits and treatment-related disclosures since 2020.
It is also known that some companies have identified circumstances that contain inflated or manipulated content in the Corona-related announcements.
The prosecution also seized and searched the house of Mr. Kim, who was directly or indirectly involved in all three companies, such as participation in management and investment in funds, as the core of the suspicion.
In particular, Mr. Kim has a history of being punished for accomplices in stock manipulation by former Chairman Kim Seong-tae in the past, and it is said that he has been dealing with funds with companies related to former Chairman Kim.
For this reason, the prosecution suspects that Kim's funds have flowed into this corona-related stock price manipulation.
Former chairman Kim Seong-tae is at the center of various controversies, including suspicions of paying attorneys' fees and smuggling foreign currency related to North Korea projects.
However, nothing is known about Kim's past activities, only rumors abound.
Until the very end, the panda team tracked how former Chairman Kim Seong-tae accumulated his wealth and climbed to the top of Ssangbang-Bulle.
In addition, he confirmed the fact that a large number of accomplices in stock price manipulation and their families were appointed as executives during the operation of the Ssangbangbang Group.
More details will be delivered on SBS 8 News tonight (3rd).