Prosecutors Conduct Search and Seizure at Hana Bank Headquarters in Jung-gu, Seoul Related to 'Optimus Fund Fraud'

On July 20, victims of the Optimus Fund NH Investment & Securities held a protest rally in front of the National Agricultural Cooperative Federation in Jung-gu, Seoul, demanding compensation for damages caused by the Optimus Fund. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Choi Seok-jin] The prosecution investigating the 'Optimus Fund Fraud' allegations conducted a search and seizure at the headquarters of Hana Bank.

Hana Bank is the trustee bank of the Optimus Fund.

The Economic Crime Criminal Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Joo Min-cheol) sent prosecutors and investigators to Hana Bank's headquarters in Jung-gu, Seoul, on the morning of the 24th to secure materials related to Optimus.

The prosecution appears to have carried out the search and seizure to verify whether Hana Bank purchased private bonds under the direction of Optimus, despite the trust contracts of some funds listing the investment target assets as public institution sales receivables.

Earlier, the prosecution indicted Optimus Asset Management CEO Kim and directors Yoon and Song on charges including ▲fraud under the Act on the Aggravated Punishment of Specific Economic Crimes ▲fraud ▲violation of the Capital Markets Act ▲forgery of private documents ▲use of forged private documents, and the second-largest shareholder of Optimus, Lee, was indicted in July on charges including ▲fraud under the Act on the Aggravated Punishment of Specific Economic Crimes ▲fraud ▲violation of the Capital Markets Act.

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