NH Investment & Securities "Optimus Fund Sales Lobbying Allegations Groundless"

NH Investment & Securities has stated that the allegations of lobbying related to the sale of Optimus Asset Management's funds are "groundless." On the 15th, NH Investment & Securities released a statement titled 'Our Position on Recent Reports Related to Optimus,' saying, "recent allegations that differ from the facts have been indiscriminately raised based on the prosecution's testimonies and documents prepared by Kim Jaehyun (CEO of Optimus), the main perpetrator of the Optimus fund fraud case, and others."

This was in response to reports that the prosecution secured testimonies from an Optimus affiliate claiming that Jeong Youngje, former CEO of Optimus Alternative Investments, lobbied NH Investment & Securities, the seller of Optimus funds, in early last year. NH Investment & Securities stated, "On March 19, 2019, former CEO Jeong visited our company to inquire about the possibility of a loan for the Bonghyeon logistics center project financing (PF) in Gyeonggi Province, met with President Jeong Youngchae, and held a meeting with the real estate division's staff," adding, "after practical review, it was judged that there were many issues, and the responsible staff informed former CEO Jeong by phone that the loan was not possible."

NH Investment & Securities also added, "the purpose of the visit was for former CEO Jeong to request our investment in his own PF, and there was no mention whatsoever of the Optimus fund." Regarding allegations of preferential treatment in the approval process for selling Optimus products, NH Investment & Securities said, "After more than a month of internal review, sales were initiated following a proper internal examination," and "the claim of ultra-fast approval is completely untrue."

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