[Breaking] Kwon Ik-wi Commission: "12 People from People Power Party and 1 from Open Democratic Party Found in Real Estate Suspicion"

Jeon Hyun-hee, Chairperson of the Anti-Corruption and Civil Rights Commission. (Photo by Yonhap News)

[Sejong=Asia Economy Reporter Moon Chaeseok] The Anti-Corruption and Civil Rights Commission announced on the 23rd that, as a result of investigating the real estate transaction records over the past seven years of 507 people including members of the National Assembly from the People Power Party and five other non-negotiating parties and their immediate family members, 12 members of the People Power Party (13 cases) and 1 member of the Open Democratic Party (1 case) were found to have suspected violations of laws and regulations. On the same day, the special investigation team forwarded all these suspicions to the Special Investigation Headquarters.

The Commission stated that the forwarded cases related to the People Power Party include ▲suspected real estate name trust (1 case) ▲suspected tax evasion such as disguised gifts (2 cases) ▲suspected violations of the Land Compensation Act, Building Act, Special Act on Public Housing, etc. (4 cases) ▲suspected violations of the Farmland Act (6 cases).

The forwarded case related to the Open Democratic Party involves suspected misuse of official secrets (1 case).

There are no suspected violations of laws and regulations involving members of the Justice Party, People's Party, Basic Income Party, or Transition Korea.

Meanwhile, additional investigations on four family members of Democratic Party of Korea lawmakers who submitted consent forms also confirmed no suspected violations of laws and regulations.

Kim Tae-eung, head of the Commission’s investigation team, said, "I hope that the series of investigations conducted since April will serve as a turning point to drastically eradicate real estate speculation behavior."

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