Police Search Cheongdo County Office ... 3 Officials Suspected of Land Speculation

[Asia Economy Yeongnam Reporting Headquarters, Reporter Ju Cheol-in] The Gyeongbuk Provincial Police Agency announced on the 16th that it has detected land speculation allegations involving public officials in Cheongdo-gun and has launched an investigation.

On the 15th, the police conducted a search and seizure at Cheongdo-gun Office and secured mobile phones of three public officials, including Mr. A, as well as real estate-related documents.

Mr. A and others are suspected of using insider information to purchase approximately 3,800㎡ (about 1,100 pyeong) of a blind land plot in the area around July 2016 for 400 million KRW, and subsequently being involved in obtaining permits for the construction of an access road.

The search and seizure targets included one civilian in addition to the three public officials. It is reported that this civilian is a relative of some of the public officials involved in the search and seizure.

A police official stated, "We are investigating the land speculation allegations based on the secured materials, but we cannot disclose detailed information."

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