Warrant Hearing Today for Former Shinhan Financial Investment Executive Involved in the 'Rhyme Incident'

Accused of pocketing 48 billion KRW by claiming 'direct investment in overseas trade funds' with 160 million KRW as 'lead' investment fee

[Asia Economy Reporter Yoo Byung-don] The pre-trial detention hearing (warrant review) for a former executive of Shinhan Financial Investment, who has been implicated in the 1.6 trillion won 'Lime Asset Management redemption suspension incident,' will be held on the 27th.

The Seoul Southern District Court will hold the warrant review at 10:30 a.m. on the same day for Im, the former head of Shinhan Financial Investment's PBS division, who was arrested on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes (bribery, fraud) and the Capital Markets Act. The hearing will be presided over by Judge Park Won-kyu, who is in charge of warrant cases.

The Criminal Division 6 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Jo Sang-won) filed a detention warrant for former head Im on the 26th.

Former head Im is accused of receiving 165 million won from Lead, a KOSDAQ-listed company, as a reward for Shinhan Financial Investment's investment in Lead together with Lime Asset Management.

He is also accused of deceiving investors who subscribed to the fund through Shinhan Financial Investment by making them believe they were directly investing in an overseas trade finance fund, thereby embezzling 48 billion won.

Shinhan Financial Investment is suspected of selling related products to general investors without disclosing the fund's insolvency while having an asset management contract (TRS - Total Return Swap) with Lime Asset Management. Former head Im has been identified as the person who led the operation and sales of such products.

Some victims of the Lime fund investment have filed complaints with the prosecution regarding this incident, naming former head Im as a suspect for fraud and violations of the Capital Markets Act. It is known that former head Im has since left Shinhan Financial Investment.

Former head Im was arrested by the prosecution on the 25th. This is the first time the prosecution has forcibly secured the custody of a key suspect related to the Lime incident, drawing attention to whether the investigation will expand.

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