Ministry of Justice to Reinforce Prosecutors in Lime Scandal Investigation Team

[Asia Economy Reporter Hyungsoo Park] The Ministry of Justice has decided to reinforce prosecutors in the investigation team at the Seoul Southern District Prosecutors' Office, which is probing the suspension of redemptions in Lime Asset Management's funds.

According to the legal community on the 25th, the Ministry of Justice recently accepted the request for additional dispatch from the Criminal Division 6 (Chief Jo Sang-won) of the Seoul Southern District Prosecutors' Office and will dispatch two prosecutors. They are known to be prosecutors from local prosecutors' offices with experience in anti-corruption investigations.

The number of prosecutors in the Lime case investigation team will increase from the existing nine to eleven. As the scale of damages has snowballed during the investigation, there was an opinion that reinforcing the number of prosecutors was inevitable.

Until now, the Ministry of Justice had rejected the request with the intention of "monitoring the progress of the investigation," but it is reported that it recently decided to accept the investigation team's request for reinforcement again.

With the key suspect absconding, the investigation team is reviewing the entire process from fund design to sales and subsequent responses. Lee Jong-pil, former Vice President who oversaw Lime Asset Management's investment operations, absconded ahead of the court's substantive review of his arrest warrant in November last year.

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