"Was It Wrong to Trust 'Safe'? Rhyme Victims File Additional Complaints Against Shinhan Bank and Others"

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[Asia Economy Reporter Yoo Byung-don] As the prosecution's investigation into the 'Lime Asset Management Incident' continues, investors who suffered losses have filed additional complaints against the asset management company and sales firms with the prosecution.

On the 24th, 14 victims of Lime Asset Management's 'Credit Insured Fund' filed complaints with the Seoul Southern District Prosecutors' Office against Lime Asset Management, Shinhan Financial Investment, Shinhan Bank, and others on charges including fraud, violation of the Capital Markets Act (fraudulent unfair trading), and violation of the Act on the Aggravated Punishment of Specific Economic Crimes (fraud and embezzlement).

They claimed that Lime Asset Management, the fund manager, and Shinhan Financial Investment and Shinhan Bank, the product sellers, knowingly created new fund products despite the fund's insolvency, deceiving victims and receiving investments, which constitutes fraud and violation of the Capital Markets Act.

They also added that Lime Asset Management and Shinhan Financial Investment's use of customers' investment funds as collateral to obtain loans (leverage) for investment purposes could be regarded as embezzlement.

They argued, "Shinhan Bank claimed it was 'safe' by offering an interest rate of about 4%, slightly higher than the deposit rate of 2% at the time, and we only made the mistake of trusting that statement and subscribing."

It is known that the victims each invested several hundred million won and suffered losses.

They added, "Fourteen people participated in this complaint, and we plan to gather more complainants for a second round of additional complaints."

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