"LH Investigation Failed... If Handonghun Did It" Prosecutor Investigator Criticizes

People are moving toward the entrance of the Korea Land and Housing Corporation (LH) headquarters in Chungmugong-dong, Jinju-si, Gyeongnam.
[Image source=Yonhap News]

[Asia Economy Reporter Jumi Lee] A post written by a netizen claiming to be an employee of the Supreme Prosecutors' Office is spreading online regarding the investigation into the speculation allegations related to Korea Land and Housing Corporation (LH)'s '3rd New Town' project. The netizen criticized the current investigation method harshly, stating that if the prosecution were in charge, they would have conducted a raid on LH first.

On the 8th, netizen A posted a message titled "Prosecutor's Investigation Command on LH Speculation Allegations" on the anonymous workplace community 'Blind.' A said, "Since the prosecution is being asked to step back from now on, we are just watching, but I want to say a word about the situation so far," and claimed, "This investigation is a failure."

He particularly pointed out many problems with the government's current response. A said, "The president is saying to conduct a full investigation of land transactions in the 3rd New Town including Gwangmyeong-Siheung, to verify nominee transactions, to compare the registry with LH employees, and Prime Minister Jeong is saying to ruin the speculative employees, but all of this is pointless," adding, "This can be done after some progress in the investigation."

A said, "If the prosecution had done it, or if Han Dong-hoon had done it, there would have been a large-scale raid on the Ministry of Land, Infrastructure and Transport, LH, the real estate industry in Gwangmyeong-Siheung, and the supply companies," and argued, "A full investigation is unnecessary."

A view of the planned site for the Gwangmyeong Siheung New Town in Gyeonggi-do, where employees of the Korea Land and Housing Corporation are suspected of engaging in land speculation using internal information.
[Image source=Yonhap News]

He further stated, "We need to investigate the approval line that pushed forward the project again after the cancellation of the housing site designation in 2011, the reasons for the Gwangmyeong-Siheung decision, and the land transaction contractors," and questioned, "What would come out of a full investigation of land transactions?"

He continued, "For two months, only low-level employees have been caught," and criticized, "The seniors cleverly escaped through nominee transactions, and it is obvious that only the juniors will be caught."

A said, "Former Prosecutor General Yoon Seok-youl spoke yesterday," emphasizing, "'Stealing public information to harm the people and buying time to destroy evidence'?there is the answer."

He added, "We need to immediately track and investigate the financial transactions of land traders," and argued, "If the land traders rewrite IOUs and delete emails, there will be no evidence."

He criticized, "When did this controversy start? And now they say they will form a joint investigation team? They should have organized it over the weekend, requested warrants, and at least obtained warrants and conducted raids by today (the 8th)."

Finally, he expressed frustration, saying, "I am writing this out of frustration," and lamented, "There are so many prosecutors and investigators who want to conduct this kind of investigation, but it is regrettable."

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