Prosecution Indicts and Detains Optimus Key Broker 'Chairman Shin'

[Asia Economy Reporter Baek Kyunghwan] The prosecution investigating the Optimus Asset Management fund fraud case has indicted Shin Mo, the former entertainment agency CEO known as 'Chairman Shin.' Shin acted as a key broker for Optimus.

On the 4th, the Economic Crime Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Joo Mincheol) formally charged Shin with fraud under the Act on the Aggravated Punishment of Specific Economic Crimes and other offenses, detaining him.

Shin is accused of receiving money from Kim Jaehyun, CEO of Optimus, under the pretext of lobbying financial institutions, along with broker Kim Mo, who has already been detained, and the fugitive Ki Mo. In particular, between January and May, Shin allegedly lied to CEO Kim about providing money to the representative of minority shareholders related to the temporary shareholders' meeting of the ship parts manufacturer Haeduck Powerway, and received 1 billion KRW in three installments.

Investigations also confirmed that in January, Shin made an illicit request regarding voting rights to the representative of Haeduck Powerway's minority shareholders and handed over 650 million KRW.

Additionally, the prosecution has non-detained indicted Kim Mo, CEO of a real estate development company who worked with Shin, on charges of violating the Attorney-at-Law Act. Kim is accused of receiving 20 million KRW from CEO Kim together with Shin, claiming they would lobby Financial Supervisory Service officials regarding the Optimus inspection in May.

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