Victims of Lime Scandal File Additional Complaints Against Daishin Securities and Former Banpo WM Center Head

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[Asia Economy Reporters Kim Hyung-min and Yoo Byung-don] As the prosecution's investigation into the 'Lime Asset Management scandal' continues, victims have filed additional complaints against Lime Asset Management and its distributors with the prosecution.

The law firm Woori, legal representative for the victims of the Lime scandal, announced on the 25th that it has filed additional complaints with the Seoul Southern District Prosecutors' Office against Daishin Securities, Jang (former head of Daishin Securities Banpo WM Center), 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).

In a press release on the same day, the law firm Woori stated, “In terms of the scale of damage, number of victims, impact on the financial market, and fraudulent methods, this case is fundamentally different from previous financial product mis-selling cases,” adding, “In this case, investors' money was even used as 'money masters' in corporate raids, and was mobilized in collusion with stock price manipulation groups to manipulate market prices, making the fraudulent sales clear.”

They continued, “Former Center Head Jang not only knew very well how Lime Asset Management operated the Lime funds but is also judged to have been deeply involved,” adding, “Nevertheless, he emphasized only the stability of investing in triple-A companies to customers and actively deceived them by claiming the risks were lower than a lottery.”

Furthermore, the victims submitted a statement of opinion along with the complaint, urging a strong investigation.

They stated, “The investors in this scandal are clearly victims of fraud, not losses caused by poor investment decisions,” emphasizing, “Through a thorough investigation of the Lime case, the widespread problems must be identified and measures to prevent them established. We hope the prosecution can conduct a thorough investigation without any interference or wavering.”

Meanwhile, the Lime Asset Management’s parent funds that have suspended redemptions are three: 'Pluto FI D-1', 'Tethys 2', and 'Pluto TF' (trade finance fund). The scale of suspended redemptions reaches 1.6 trillion won.

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