Seoul Central District Prosecutor's Office Anti-Corruption Investigation Division 1 (Chief Prosecutor Eom Hee-joon) arrested and indicted Hwacheon Daeyu Co-CEO Lee Han-seong and director Choi Woo-hyang (former Vice Chairman of Ssangbangul Group) on charges of violating the Criminal Proceeds Concealment Control Act.
From November 2021 to November last year, they withdrew 24.5 billion won from Daejang-dong development profits several times as checks in large denominations under the direction of Man-bae Kim, a major shareholder of Hwacheon Daeyu, and then reissued hundreds of small checks and concealed them in various places such as safe deposit boxes. receive.
Mr. Choi is also accused of concealing the 3 billion won that Mr. Kim received from Hwacheon Daeyu in the name of dividends in the form of a loan around October of last year.
Prosecutors believe that they committed this crime in order to prepare for recovery measures, such as collecting and preserving the collection of criminal proceeds following the Daejang-dong investigation.
Prosecutors said they found and confiscated checks worth 14.8 billion won that they withdrew and hid during the investigation.
(Photo = Yonhap News)