Police Conduct Search and Seizure at Daejeon Prison Over Allegations of Speculation by Retired Correctional Officer (Update)

[Image source=Yonhap News]

[Asia Economy Reporter Lee Gwan-ju] The police, who are investigating allegations of speculation involving a former correctional officer, conducted a search and seizure at Daejeon Prison on the 1st.

The Real Estate Speculation Crime Special Investigation Unit of the Daejeon Police Agency deployed 15 investigators from 9:30 a.m. to carry out search and seizure operations at two locations: the Welfare Department of Daejeon Prison and the residence of retired correctional officer A.

A is suspected of purchasing land near the site under his wife's name in advance, knowing that Daejeon Prison would be relocated to the Bangdong area in Yuseong-gu, violating the Act on the Prevention of Corruption and the Establishment and Operation of the Anti-Corruption and Civil Rights Commission.

The police are examining whether A used insider information for speculation.

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