Three Suspects Involved in 'Kim Gun-hee Deutsche Motors Stock Manipulation' Face Detention Hearing Today

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] Individuals involved in the 'Deutsche Motors Stock Price Manipulation' allegations linked to Kim Gun-hee, wife of former Prosecutor General Yoon Seok-yeol, will face detention decisions on the 6th.

The Seoul Central District Court will conduct pre-arrest detention hearings (warrant substantive examination) for three suspects, including Mr. Lee, presided over by Judge Lee Se-chang, who is in charge of warrants, on the morning of the same day.

Among them, Mr. Lee is accused of manipulating the stock price of Deutsche Motors together with Chairman Kwon Oh-soo of the company from 2010 to 2011. He is identified as the 'leader' playing a key role in this case. The other two are also suspected of involvement in the stock price manipulation.

The court previously rejected the prosecution's request for a pre-arrest warrant for Mr. Lee once on the 29th of last month.

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

If these three are detained, the prosecution's investigation is expected to soon focus on Kim. It is known that the analysis of the materials recently seized has been completed, and there is speculation that the prosecution may summon Kim for questioning soon.

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