Prosecutors Indict Key Figure Yoo Dong-gyu in 'Daejang-dong Scandal' After 23 Days of Investigation... Excluding Charges of Breach of Trust

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] The prosecution indicted Yoo Dong-gyu, former Planning Director of Seongnam Urban Development Corporation and one of the key figures in the Daejang-dong development preferential treatment and lobbying suspicion case, on the 21st. Yoo became the first defendant to be indicted just 23 days after the prosecution began investigating the case.

The Seoul Central District Prosecutors' Office Special Investigation Team (led by Deputy Chief Prosecutor Kim Tae-hoon) late that night formally arrested and indicted Yoo on charges of bribery and promise of bribery after committing an unfair act under the Act on the Aggravated Punishment of Specific Crimes.

Yoo is accused of receiving a total of 352 million KRW on multiple occasions as compensation for providing business conveniences to the Daejang-dong development company while serving as the Planning and Management Director of Seongnam Facilities Management Corporation in 2013.

Additionally, from 2014 to 2015, while serving as Planning Director of Seongnam Urban Development Corporation, he is charged with committing unfair acts in the course of duty by providing favorable conveniences to Hwacheon Daeyu and promising to receive 70 billion KRW (promise of bribery after committing an unfair act).

However, the prosecution excluded breach of trust charges under the Act on the Aggravated Punishment of Specific Economic Crimes when indicting Yoo.

The breach of trust charge was a major allegation included in the criminal complaint when the prosecution previously applied for Yoo’s arrest warrant. The prosecution has focused on proving this by sequentially investigating key figures such as Kim Man-bae, major shareholder of Hwacheon Daeyu Asset Management, lawyer Nam Wook, and lawyer Jung Young-hak. Even on the day of the indictment, they continued summoning related parties for questioning and re-conducted a search of Seongnam City Hall, putting effort into strengthening the breach of trust allegations. However, it appears they ultimately judged that the content was insufficient to include in Yoo’s indictment.

The prosecution plans to handle Yoo’s breach of trust charges later after clarifying accomplice relationships and specific division of acts.

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