Prosecutors Investigating 'Lime Fund Fraud Allegations' Raid Financial Supervisory Service
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[Asia Economy Reporter Lee Jung-yoon] The prosecution investigating the Lime Asset Management fund fraud allegations has conducted a search and seizure at the Financial Supervisory Service.
According to the prosecution on the 18th, the Criminal Division 6 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Kim Rak-hyun) sent investigators to the Financial Supervisory Service in the morning to secure materials related to the Lime fund. This search and seizure was reportedly carried out to obtain materials concerning the incomplete sales and poor management suspicions of domestic funds by former Lime Vice President Lee Jong-pil and others.
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Since the end of last year, the prosecution has been conducting searches and seizures and investigating related parties, including Woori Bank, the fund seller, and KB Securities, which provided total return swap (TRS) loans to Lime.
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