Prosecutors Indict Lawyer Jeong Min-yong Involved in 'Daejang-dong Scandal' Without Detention... Charges Include Breach of Trust and Bribery After Fraudulent Acts

Attorney Jeong Min-yong, who is involved in the Daejang-dong development lobbying and preferential treatment allegations, is attending the warrant hearing held at the Seoul Central District Court in Seocho-gu, Seoul, on November 3rd. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Choi Seok-jin, Legal Affairs Specialist] On the 21st, the prosecution investigating the Daejang-dong development lobbying and preferential treatment allegations indicted former Seongnam Urban Development Corporation (Seongnam Dogae Gong) Strategic Business Director Jeong Min-yong (47, lawyer) without detention on charges of acting as a link to the 'upper echelon' including Seongnam City.

Earlier, on November 3rd, the prosecution requested a pre-arrest warrant for lawyer Jeong on charges including breach of trust under the Specific Economic Crimes Act, but the court dismissed the warrant. After conducting supplementary investigations, the prosecution did not reapply for the warrant and instead indicted lawyer Jeong in a non-detained state on this day.

On this day, the Seoul Central District Prosecutors' Office dedicated investigation team indicted lawyer Jeong without detention on charges including breach of trust under the Specific Economic Crimes Act, bribery after improper conduct, and violation of the Act on the Regulation and Punishment of Criminal Proceeds Concealment.

While working at Seongnam Dogae Gong, lawyer Jeong was the Strategic Business Director who led the overall practical work from drafting the public offering guidelines for the Daejang-dong development project, selecting private business operators, to signing business agreements and shareholder agreements.

He is one of the key figures in the Daejang-dong development allegations and is a university junior by one year to lawyer Nam Wook (indicted in detention). After resigning from Seongnam Dogae Gong earlier this year, he established a real estate development company called 'Yuwon Holdings' together with former Seongnam Dogae Gong Planning Headquarters Director Yoo Dong-gyu (indicted in detention).

Lawyer Jeong is accused of conspiring with Hwacheon Daeyu major shareholder Kim Man-bae (indicted in detention) and Nam, owner of Cheonhwa Dongin No. 4, to design the project so that Hwacheon Daeyu would receive a large sum of money, causing at least 65.1 billion KRW in damages (breach of trust) to Seongnam Dogae Gong. He is also charged with receiving 3.5 billion KRW from lawyer Nam as a bribe for providing preferential treatment (bribery after improper conduct).

During the prosecution investigation, lawyer Jeong also submitted a self-written statement related to the charges against former Director Yoo and lawyer Nam.

Previously, the court dismissed the prosecution's arrest warrant request for lawyer Jeong, stating only that "there is no risk of flight or evidence destruction," which led to analysis that the criminal charges might be somewhat substantiated.

The prosecution has also been investigating statements that lawyer Jeong told his business associates that he drafted the public offering guidelines confirming the corporation's profits and went directly to report to then-Seongnam Mayor Lee Jae-myung.

Meanwhile, the Seoul Central District Court Criminal Division 22 (Chief Judge Yang Cheol-han), which is handling the trial of the 'Daejang-dong Four' including former Director Yoo, Kim, lawyer Nam, and accountant Jeong Young-hak, owner of Cheonhwa Dongin No. 5, plans to hold the second pretrial preparation session on the morning of the 24th.

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