Special Investigation Unit to Send 'Real Estate Speculation' Case to Prosecutors Tomorrow... Reapplication for Arrest Warrant of LH Employee

[Image source=Yonhap News]

[Asia Economy Reporter Jeong Dong-hoon] The government joint special investigation headquarters (Special Investigation Headquarters), which is investigating real estate speculation allegations stemming from Korea Land and Housing Corporation (LH), will for the first time transfer related cases to the prosecution tomorrow (7th).

On the 6th, a Special Investigation Headquarters official told reporters, "The Gyeonggi Northern Provincial Police Agency has decided to transfer a Pocheon city official who was arrested on charges of speculating on land near the planned site of Sohul Station (tentative name), an extension of Subway Line 7 in Pocheon City, to the prosecution on the 7th."

On the same day, the Special Investigation Headquarters announced that it would reapply for arrest warrants for LH employees, which had been requested the previous day. A Special Investigation Headquarters official said, "The Gyeonggi Southern Provincial Police Agency will reapply for arrest warrants today for two people including LH employees, and the Jeonbuk Police Agency will reapply for one LH employee," adding, "There were parts that the prosecution requested to supplement, and we have supplemented them." He continued, "This is an effort to do our best so that the court does not dismiss the warrants during the consultation process between the police and the prosecution."

Earlier, on the 2nd, the Gyeonggi Southern Provincial Police Agency applied for arrest warrants for two people, including LH employee A, on charges of violating the Anti-Corruption Act. Since the police began investigating land speculation allegations, this is the first time an arrest warrant has been applied for among current and former LH employees. A and his acquaintance are suspected of intensively purchasing 22 land parcels in the Noonsadong area of Gwangmyeong City under 36 different names from March 2017 to December 2018 using insider information.

Meanwhile, the Special Investigation Headquarters reporting center has received a total of 716 reports related to speculation allegations so far, some of which have been assigned to provincial police agencies.

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