Hwacheon Daeyu Asset Management's major shareholder, Kim Man-bae, has ended the interrogation of the suspect before the arrest of Kim's aides, who are accused of hiding the profits obtained from crime in the Daejang-dong business.
At 10:00 am today (16th), Seoul Central District Court Kim Jung-min, chief judge in charge of warrants, interrogated Choi Woo-hyang, director of Hwacheon Daeyu and former vice chairman of Ssangbangul Group, for about 3 hours.
From 2:00 PM, the interrogation of Lee Han-seong, co-representative of Hwacheon Daeyu, continued for about 2 hours and 20 minutes.
They are accused of concealing 26 billion won worth of money, such as withdrawing and hiding the proceeds from the development of Daejang-dong in check form or purchasing real estate under borrowed names through false accounting under the direction of Mr. Kim, who was imprisoned from October of last year to July of this year. .
The prosecution, attended by five prosecutors, is said to have persuaded the judge that it is essential to secure new recruits in order to confirm whether additional criminal proceeds were hidden as there were not a few suspicious money transactions between the two and Mr. Kim during the examination.
The two are known to have argued that after the corruption investigation into the Daejang-dong development started in September of last year, the Hwacheon Daeyu corporate account could be seized, so they found the company's operating funds in advance with a check, not concealing criminal proceeds.
Their lawyers left the courtroom without answering reporters' questions after the trial.
Whether or not to arrest the two is expected to be decided late at night or early on the 17th.