Court Rejects Arrest Warrant for Person Related to 'Kim Geon-hee Deutsche Motors Stock Manipulation' Allegation

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] The prosecution investigating the stock price manipulation allegations involving Kim Gun-hee, wife of former Prosecutor General Yoon Seok-yeol, has requested an arrest warrant for a person involved in the case, but the court dismissed the request.

According to the legal community on the 29th, the Anti-Corruption and Strong Investigation Division 2 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Jo Ju-yeon) filed a pre-arrest warrant request earlier this month against a person identified as Lee in the Deutsche Motors stock price manipulation case, on charges of violating the Capital Markets Act.

The court, upon receiving the request, dismissed it, stating that there was no concern of flight or evidence destruction by Lee.

Lee is suspected of manipulating the company's stock price together with Chairman Kwon Oh-soo of Deutsche Motors during 2010-2011.

Kim is also suspected of buying stocks at a low price and reselling them at a higher price during the same period when Chairman Kwon Oh-soo manipulated the stock price through market manipulation.

Additionally, there are allegations that after Prosecutor General Yoon was nominated as a candidate for Prosecutor General, he received money and goods under the name of sponsorship fees for an event organized by the exhibition planning company Covana Contents. The prosecution is paying attention to the fact that the number of sponsors for the event increased from four to sixteen during this process.

The investigation team conducted a search and seizure of companies related to the Deutsche Motors stock case on the 9th and secured materials. It is known that they have been focusing on analyzing the materials recently, and there is speculation that Kim may soon be summoned for questioning.

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