Prosecutors Summon Kim Man-bae's Brother, Hwacheon Daeyu Director... Also Investigate Accountant Kim Min-geol

[Asia Economy Reporter Kim Hyung-min] The prosecution investigating the lobbying and preferential treatment allegations related to the Daejang-dong development project summoned Kim Seok-bae, the brother of Kim Man-bae, the major shareholder of Hwacheon Daeyu Asset Management (Hwacheon Daeyu), for questioning on the 8th.

The dedicated investigation team at the Seoul Central District Prosecutors' Office summoned Kim Seok-bae, who is also a director at Hwacheon Daeyu, in the afternoon. The investigation team plans to summon Kim Man-bae for questioning on the 11th. This appears to be an effort to complete preliminary investigations of related parties ahead of that.

The prosecution is expected to question Kim Seok-bae about the circumstances under which Hwacheon Daeyu participated in the Daejang-dong development project, the internal management situation, and any lobbying activities by Hwacheon Daeyu.

Meanwhile, the prosecution is also investigating accountant Kim Min-geol, who worked as the head of the Strategic Business Office established under former Seongnam Urban Development Corporation Planning Director Yoo Dong-gyu in October 2014.

Accountant Kim worked at the same accounting firm as accountant Jeong Young-hak, the actual owner of Cheonhwa-dongin No. 5, which invested in 'Seongnam's Garden,' the Daejang-dong project developer. Because of this, there are suspicions that Hwacheon Daeyu personnel were planted within the Seongnam Urban Development Corporation.

Additionally, the prosecution is investigating Deputy Manager Lee, who worked in the Development Team 1 at Seongnam Urban Development Corporation at the time. Lee was scheduled to be questioned the previous day but the questioning was postponed by one day. The prosecution is expected to ask Deputy Manager Lee about the circumstances under which a clause on excess profit recovery was added to, and then deleted within seven hours from, the business agreement review opinion at that time.

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