Police Conduct Search and Seizure at Hwacheon Daeyu and Former Seongnam City Council Chairman Choi Yoon-gil's Residence Over 'Daejang-dong Suspicion'

[Image source=Yonhap News]

[Asia Economy Reporter Lee Gwan-joo] On the 17th, the police investigating the 'Daejang-dong scandal' conducted a search and seizure of former Gyeonggi Seongnam City Council Chairman Choi Yoon-gil and Hwacheon Daeyu Asset Management (Hwacheon Daeyu).

The dedicated investigation team of the Gyeonggi Southern Provincial Police Agency sent investigators to Choi's residence in Gwangju City and Hwacheon Daeyu's office this morning to secure related materials.

Former Chairman Choi is identified as the target of the so-called 'Seongnam City Council 3 billion won lobbying.' He is suspected of receiving 3 billion won from Kim Man-bae, the major shareholder of Hwacheon Daeyu, and others in exchange for submitting and passing the ordinance to establish the Seongnam Urban Development Corporation at the plenary session in February 2013.

The police have booked former Chairman Choi on charges of bribery and are investigating. A police official stated, "It is true that the search and seizure are underway, but it is difficult to disclose detailed information."

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