Prosecution Requests Change of Trial Date for Yoo Dong-gyu in 'Daejang-dong Scandal' Case
[Asia Economy Reporter Baek Kyunghwan] The prosecution has requested the court to postpone the first trial of Yoo Dong-gyu, former Head of Planning at Seongnam Urban Development Corporation, scheduled for the 10th.
According to the court on the 8th, the dedicated investigation team at the Seoul Central District Prosecutors' Office (led by Deputy Chief Prosecutor Kim Tae-hoon) investigating the Daejang-dong development preferential treatment and lobbying allegations submitted a request to change the trial date for Yoo's first hearing.
The main reason is the preparation for the trial following additional indictment on breach of trust charges, and it appears that a COVID-19 case within the investigation team also influenced the decision.
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Yoo is accused of conspiring with Kim Man-bae, the major shareholder of Hwacheon Daeyu, to channel at least 65.1 billion KRW in dividends and sales profits to Hwacheon Daeyu, causing losses to the corporation. He is also suspected of promising to receive 70 billion KRW from Kim and others in exchange for favors to Hwacheon Daeyu, with some amount already received.
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