<Anchor>
The police have launched a compulsory investigation into the so-called 'bee swarm bidding', in which construction companies even mobilize ghost affiliates to win more land.
Today (1st), police raids were conducted in three locations.
This is the exclusive report of reporter Park Chan-beom.
<Reporter>
The investigator comes out of the building with the confiscated item box.
[Police Investigator: (Is there a reason why the end of the search and seizure was delayed?) …
…
.]
From this morning, the police sent about 50 investigators to search and seize Hoban, Daebang, and Umi Construction at the same time.
The three construction companies have been pointed out as companies that engaged in so-called 'bee swarm bidding' in the public housing site bidding conducted by the Korea Land and Housing Corporation.
Bee swarm bidding is an act of making expedient bids by mobilizing 'ghost affiliates' such as paper companies in order to win bids for a lot of land.
The Ministry of Land, Infrastructure and Transport previously conducted a thorough investigation of 101 companies that had won public housing sites over the past three years.
The police believe that the construction company is suspected of interfering with the work of Korea Land and Housing Corporation with this bee bidding strategy.
Subsidiaries established for the purpose of winning bids are also judged to be rentals in the name of businesses prohibited by the Framework Act on Construction Business and the Housing Act.
Based on the data obtained through the search and seizure, the police are expected to focus on proving that the affiliate that won the bid for the public housing site was in fact a company managed by the parent company.
(Video coverage: Hyuncheol Park, Video editing: Hojin Kim, VJ: Jonggap Kim · Jaemin Noh)