Prosecutors Request Arrest Warrant for Former CEO of Haeduk Powerway, an Optimus Affiliate
[Asia Economy Reporter Baek Kyunghwan] The prosecution investigating the Optimus Asset Management fund fraud has requested pre-trial detention warrants on embezzlement charges for three company officials into whose companies the investment funds flowed.
According to the prosecution on the 10th, the Economic Crime Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Jumincheol) requested pre-trial detention warrants on charges including violation of the Act on the Aggravated Punishment of Specific Economic Crimes against Park Mo, former CEO of Haeduk Powerway, Kang Mo, General Director of Sebotech, and Oh Mo, the largest shareholder of a trading company of Sebotech.
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Meanwhile, Haeduk Powerway is a company suspected of having been acquired through a no-capital merger and acquisition (M&A) by Optimus. Sebotech is also known to have received some funds from Optimus.
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