Prosecutors Summon Former CEO of Haeduk Powerway in 'Optimus Investment' Case
[Asia Economy Reporter Baek Kyunghwan] The prosecution is summoning and investigating the former CEO of Haeduk Powerway, a ship parts manufacturer suspected of being an illegal trading and lobbying base for Optimus.
According to the legal community on the 21st, the Economic Crime Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Jumincheol) summoned former Haeduk Powerway CEO Lee Mo as a witness this morning and is currently investigating him.
Former CEO Lee, who is also the director of a plastic surgery clinic in Gangnam-gu, Seoul, purchased shares of Haeduk Powerway from former CEO Koo Jaego, the company founder, in April 2018 when the company was facing poor performance, becoming the largest shareholder. In August of the same year, Lee signed a stock collateral provision contract borrowing 13 billion KRW from Trustall Co., Ltd., pledging all his shares as collateral. At that time, the CEO of Trustall was Lee Dong-yeol, who was prosecuted along with Optimus CEO Kim Jaehyun.
The amount Haeduk Powerway disclosed as invested in Optimus in 2018 totaled 37.09 billion KRW. According to the list of Optimus fund investors, Haeduk Powerway invested 2 billion KRW on September 27, 2018, and 13 billion KRW on November 7, 2018, during Lee's tenure.
Lee resigned from his CEO position on November 30, 2018, citing "personal reasons." Hwaseong Industry, a subsidiary of Septillion?whose shares are equally owned by Kim Jaehyun's wife Yoon Mo and former Blue House administrator Lee Jin-ah?purchased 15.89% of Haeduk Powerway's shares in February last year, becoming the largest shareholder.
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There are suspicions that Optimus used the paper company Septillion to acquire management rights of Haeduk Powerway through a "no-capital M&A" scheme. Accordingly, the prosecution is reportedly focusing on questioning former CEO Lee about the circumstances of the Haeduk Powerway share purchase and the Optimus fund investment.
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