A court review has begun to review the arrest of Lee Han-seong, co-CEO of Hwacheon Daeyu Asset Management, who was arrested on charges of concealing criminal proceeds related to the development of Daejang-dong.
Section 5-1 of the Criminal Appeals Office of the Seoul Central District Court has opened a trial on Mr. Lee's refusal to be arrested from 2:10 pm today (22nd) and is reviewing the need for an arrest investigation.
The suitability trial is a procedure in which the arrested suspect disputes the legality of the arrest and seeks a second judgment from the court.
If the court accepts the request for injunctive relief, the prosecution must release the suspect.
Along with Hwacheon Daeyu director Choi Woo-hyang (former vice chairman of Ssangbangul Group), from October of last year to July of this year, Mr. Lee withdrew the Daejangdong development profits as checks under the direction of Hwacheon Daeyu’s major shareholder Kim Man-bae, and hid them or kept them in false accounting, under borrowed names. He was arrested on charges of concealing 26 billion won, including buying real estate.
Mr. Lee served as an aide to Lee Hwa-young, former deputy governor of Gyeonggi-do, who was an aide to Lee Jae-myeong of the Democratic Party of Korea when he was a member of the National Assembly.
After joining Hwacheon Daeyu in 2017 at the request of Mr. Kim, a junior from Sungkyunkwan University, he managed Kim's bankbook and seal, playing the role of a 'safety keeper'.
Prosecutors are said to have secured more than 10 billion won in checks that Lee and others had withdrawn and kept.
In addition, we are continuing to track the flow of funds, assuming that there will be more blacksmith profits hidden by Mr. Kim.