Two Arrest Warrants Issued for Two People Who Manipulated Stock Prices of 'Lime Investment Listed Companies' to Pocket Hundreds of Millions

[Image source=Yonhap News]

[Asia Economy Reporter Yoo Byung-don] The prosecution has arrested two suspects who manipulated the stock prices of listed companies funded by Lime Asset Management's funds and pocketed several hundred million won.

The Criminal Division 6 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Jo Sang-won) announced on the 16th that it has requested arrest warrants for two individuals, including Park, on charges of violating the Capital Markets Act.

They are accused of operating a pseudo-investment advisory firm and repeatedly posting false information on internet stock cafes, claiming that listed companies invested with Lime fund money were conducting capital increases or new business ventures, thereby inducing members to buy stocks.

However, the prosecution did not disclose specific details about their relationship with Lime Asset Management or the victim listed companies.

Recently, the prosecution has been steadily securing the custody of suspects related to the Lime incident, including the indictment and detention of four individuals who manipulated the stock price of Esmo, a KOSDAQ-listed auto parts company invested by Lime fund money, to gain tens of billions of won in illicit profits.

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