Police Conduct Search and Seizure at Hwasun County Office and Council... County Council Member 'Speculation Allegations' Related
[Asia Economy Reporter Lee Gwan-ju] The police have launched a forced investigation into allegations of real estate speculation involving a former member of the Hwasun County Council in Jeonnam.
The Gwangju Police Agency's Special Investigation Unit on Real Estate Speculation began conducting raids at three locations, including Hwasun County Office and the County Council, starting at 10 a.m. on the 30th.
The police are investigating after detecting signs that former council member A had prior knowledge of road development information, acquired buildings around the area, and resold them to gain speculative profits.
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A police official stated, "We plan to analyze the materials secured through the raids and conduct a swift and strict investigation."
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