Prosecutors Conduct Search and Seizure at Optimus Asset Management and Others Over 'Redemption Suspension'...Initiate Forced Investigation

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] The prosecution has launched a compulsory investigation into Optimus Asset Management and others, amid concerns of a large-scale 'redemption suspension.'

According to the prosecution and the financial investment industry on the 25th, the Seoul Central District Prosecutors' Office Investigation Division 1 (Chief Prosecutor Oh Hyun-chul) sent about 10 prosecutors and investigators to conduct a search and seizure at the Optimus Asset Management building in Samseong-dong, Gangnam-gu, Seoul, from 8 p.m. the previous day until 3 a.m. on the day. Through this search and seizure, the prosecution confiscated computer hard disks and all related documents.

The search and seizure targets reportedly included not only H Law Firm located in the same building but also companies suspected of receiving funds from the Optimus fund.

Yoon, the representative of H Law Firm, is registered as a director of Optimus Asset Management and is considered one of the key figures in the suspicion.

Optimus Asset Management is suspected of raising thousands of billions of won from investors by claiming to invest in public institution sales bonds, but in reality, forging documents and investing in loan companies and insolvent enterprises.

The prosecution previously imposed travel bans on Kim, the company's CEO, Song, the fund management director, and Yoon, the representative and director of H Law Firm.

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