Police Conduct Search and Seizure at Three Locations Including Residence and Financial Institutions of Suspect in 'Gimhae Urban Development Project Speculation' Case
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[Asia Economy Reporter Lee Gwan-ju] The police have detected signs of real estate speculation in the planned urban development site in Gimhae-si, Gyeongnam, and have launched a forced investigation.
The Real Estate Speculation Crime Investigation Team of the Gyeongnam Provincial Police Agency conducted a search and seizure on the afternoon of the 23rd at three locations: a financial institution, suspect A's office, and residence.
It is reported that A is not a public official. The police plan to examine whether any illegal activities occurred through the analysis of the seized items.
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A police official stated, "We will conduct a swift and strict investigation based on the secured materials in accordance with laws and principles," adding, "Details cannot be disclosed as the matter is under investigation."
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