Prosecutors Conduct Search and Seizure at FSC Financial Investment Inspection Bureau Related to 'Lime Fund Scandal'
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[Asia Economy Reporter Seo Sojeong] The prosecution investigating the Lime Asset Management (Lime) fund fraud case conducted a search and seizure at the Financial Supervisory Service (FSS) on the 3rd.
According to the prosecution, the Criminal Division 6 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Kim Rak-hyun) sent inspectors and investigators to the FSS Financial Investment Inspection Bureau on the same day to secure materials related to the Lime fund.
The FSS Financial Investment Inspection Bureau is the department responsible for overseeing securities company inspections.
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The prosecution is reported to have conducted the search and seizure in connection with allegations of incomplete sales and poor management of domestic Lime funds by securities firms such as Shinhan Financial Investment and KB Securities.
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