Lee Jae-myung Criticizes Prosecution Directly, Saying "They Leak Trivial Details to Tarnish While Investigating Embezzlement"

"In Corruption Cases, the Recipient of Money is the Culprit... Investigating the Money Flow is Basic Common Sense"

Lee Jae-myung, the Democratic Party of Korea's presidential candidate. [Image source=Yonhap News]

[Asia Economy Reporter Park Hyun-joo] Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, criticized the prosecution's investigation into the 'Daejang-dong development preferential treatment suspicion,' saying, "I don't understand leaking detailed investigation contents to tarnish reputations."

On the 4th, Lee posted on his Facebook a post titled "Who is the culprit? I don't understand the prosecution's investigation," introducing an article reporting that Kim Jung-tae, chairman of Hana Financial Group who led the 'Seongnam Eutteul Consortium,' the main financial institution in charge of the Daejang-dong project, was accused by a civic group of charges including breach of trust.

He then listed the grounds for the claim that the opposition party is linked to the Daejang-dong development preferential treatment suspicion. He stated, "Seongnam City tried to recover 100% through public development, but due to obstruction by the People Power Party, it was forced to do a public-private joint development and recovered 550.3 billion KRW, which is 70% of the expected profit," adding, "People Power Party lawmakers and city council members colluding with private developers used their power to block public development and force private development."

He continued, "Hana Bank invested 700 billion KRW but funneled an expected profit of 170 billion KRW (later increased to 400 billion KRW) to Hwacheon Daeyu," and said, "Former Prosecutor General Yoon Seok-youl investigated illegal loans for Daejang-dong investment but cleared them, and sold his father's house to Hwacheon Daeyu. People Power Party-related figures held a money feast worth hundreds of billions of KRW through the 5 billion club and advisory fees."

Lee Jae-myung, the Democratic Party presidential candidate, posted on his Facebook on the 4th criticizing the prosecution's investigation. Photo by Candidate Lee's Facebook capture

Lee said, "In corruption cases, the one who received the money is the culprit, and investigating the flow of money is common sense," and asked, "Put your hand on your conscience and think. Who is the one guilty of breach of trust, dereliction of duty, and abuse of power?" He also emphasized, "Seongnam City, which overcame People Power Party's obstruction and finally recovered public interest."

He urged, "I hope the investigation focuses on Yoon Seok-youl's side's tolerance of loan corruption and the sale of his father's house, Hana Bank's criminal design, and People Power Party figures' coercion of private development and acceptance of illicit funds."

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