'Optimus Lobbyist' Former Entertainment Agency CEO Arrested

Shin, a former entertainment agency CEO who acted as a lobbyist for Optimus Asset Management (Optimus), is attending a pre-arrest detention hearing at the Seoul Central District Court in Seocho-gu, Seoul, on the morning of the 17th.
[Image source=Yonhap News]

[Asia Economy Reporter Seongpil Cho] Shin Mo, the former entertainment agency CEO identified as a key lobbyist in the Optimus Asset Management (Optimus) fund fraud case, was arrested on the 17th.

Kim Taekyun, the presiding judge in charge of warrants at the Seoul Central District Court, conducted a pre-arrest suspect interrogation (warrant substantive review) for Shin on the same day and issued the arrest warrant requested by the prosecution.

Judge Kim stated, "The main criminal charges have been substantiated, and considering the evidence collected so far, the progress of the investigation, and the seriousness of the crime, it is recognized that the suspect may flee or destroy evidence."

Shin is suspected of receiving money from Kim Jaehyun, CEO of Optimus, under the pretext of lobbying financial institutions along with recently arrested broker Kim Mo and fugitive Ki Mo.

He is also accused of delivering bribes worth hundreds of millions of won to the core shareholders of Haeduck Powerway, a ship supplies manufacturer acquired with Optimus funds, in exchange for exercising voting rights.

Earlier, on the 13th, the Economic Crime Criminal Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Jumin Cheol) requested an arrest warrant for Shin on charges including violation of the Attorney Act, Commercial Act, and fraud under the Act on the Aggravated Punishment of Specific Economic Crimes.

This content was produced with the assistance of AI translation services.