Prosecutors Arrest and Indict 'Optimus Lobbyist' Mr. Kim on Fraud and Embezzlement Charges
[Asia Economy Reporter Baek Kyunghwan] The prosecution has indicted lobbyist Kim, suspected of illegal lobbying targeting political and business figures to obtain business approval for Optimus Asset Management (Optimus).
On the 25th, the Seoul Central District Prosecutors' Office announced that Kim was indicted on charges including violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (fraud and embezzlement).
Kim is known as one of the key lobbyists for Optimus, who, along with former entertainment agency president Shin and fugitive Ki, used the office at N Tower in Gangnam-gu, Seoul, provided by Optimus CEO Kim Jaehyun, to conduct lobbying activities. In particular, Kim is suspected of lobbying a former Financial Supervisory Service (FSS) executive at the request of CEO Kim before the FSS investigation began. He is also accused of violating the Attorney-at-Law Act by receiving 20 million won from CEO Kim under the pretext of a request to the former FSS executive.
Additionally, from January to May, Kim is charged with inflating the amount to be provided to a representative of minority shareholders related to an extraordinary general meeting of a ship parts manufacturing company, thereby embezzling 1 billion won from CEO Kim in three installments. In January, he is also accused of making an improper request to the minority shareholder representative regarding voting rights and delivering 650 million won, facing charges of breach of trust and violation of the Commercial Act.
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Furthermore, between January and April, Kim is suspected of misappropriating 2.9 billion won of funds from Corporation B, acquired with Optimus funds, as fund redemption money, and from October last year to June this year, falsely registering the wife of accomplice C (detained) who was a driver as an employee of Corporation B and paying about 29 million won as salary.
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