Im Han-sol Discovers Clue to Jeon Du-hwan's Illegal Assets... Urges Prosecutors to Investigate

"Gangnam Tycoon Mr. J Suspected of Managing Jeon Du-hwan's Nominee Assets"

[Image source=Yonhap News]

[Asia Economy Reporter Lim Chun-han] Lim Han-sol, Chairperson of the Justice Society Realization Special Committee of the Minsaeng Party, urged the prosecution to conduct an immediate investigation on the 23rd, stating that clues to the illegal assets of Jeon Du-hwan and the seizure of fines have been discovered.

At the Supreme Council meeting held at the National Assembly that day, Chairperson Lim said, “I have been tracking the source of funds used by Jeon and his wife Lee Soon-ja for their luxurious lifestyle, including visits to high-end restaurants and golf courses,” and added, “After pursuing the trail, we identified Mr. Lee, who is presumed to have been cashing out the hidden proxy assets of the Jeon couple for use.”

He explained, “It is reported that Mr. Lee admitted through a third party that he had long served as the cash procurement agent for the proxy assets. However, in August, Mr. Lee was suddenly found dead near a mountain in Gyeonggi Province. Judging that it was difficult to consider it a simple accidental death, we continued inquiries with family and acquaintances, during which we identified a third person, Mr. J, who had financial conflicts with Mr. Lee.”

He continued, “Mr. J is known as a wealthy individual in Gangnam, Seoul, with assets worth hundreds of billions of won. It is presumed that a significant portion of the assets he manages are Jeon’s proxy assets accumulated illegally,” and added, “Mr. J has been regularly cashing out Jeon’s assets managed in various forms such as real estate and delivering them through Mr. Lee. It is believed that Mr. Lee, who claimed rights to some of these assets, met an unexpected death in the process.”

Chairperson Lim emphasized, “Jeon is currently resisting payment of over 100 billion won in fines, 3.1 billion won in national taxes, and 1 billion won in local taxes,” and said, “Clues have emerged to estimate how some of Jeon’s hidden assets have been managed and procured, and leads to seize them have been found.”

He requested, “We call for the prosecution’s immediate investigation,” and stated, “The full truth regarding the proxy assets, the hidden managers, and the suspicious death must be thoroughly uncovered to severely punish those involved in illegal activities and recover the illicit assets.”

Chairperson Lim warned, “We caution the agents holding Jeon’s illegal assets under proxy ownership,” and said, “They should abandon any expectation that the assets they manage will become theirs after the elderly Jeon’s death. The Minsaeng Party and I will ensure that a stronger Jeon Du-hwan Asset Recovery Act is promptly established so that tracking and recovery can continue even after Jeon’s passing.”

This content was produced with the assistance of AI translation services.