Police Conduct Search and Seizure at Residence of Ostem Implant Embezzlement Employee to Determine Accomplice Involvement

[Asia Economy Reporter Park Hyungsoo] On the 10th, the police conducted searches of three residences to determine whether family members of Lee Mo (45), who embezzled 221.5 billion won from Ostem Implant, were accomplices.

The Gangseo Police Station in Seoul carried out searches in the residences of Lee's wife, father, and younger sister in Paju, Gyeonggi Province, in the afternoon.

The searches aimed to secure evidence on whether the embezzled company funds flowed to Lee's family, whether they conspired in advance with Lee's crime, or helped him escape or hide.

The police investigated whether Lee's wife and sister-in-law were involved in the conspiracy. It was previously reported that Lee used the embezzled funds to purchase real estate worth 7.5 billion won under the names of his wife and sister-in-law. He bought an apartment and officetel in Paju, Gyeonggi Province, under his wife's name for 2.89 billion won. Under his sister-in-law's name, he purchased an apartment in Goyang, Gyeonggi Province, for 1.65 billion won. He also bought a luxury resort membership in Jeju Island under his wife's name.

Just before going into hiding last month, he gifted one commercial building each to his wife and sister-in-law's husband. It is also known that he repaid the loans tied to the buildings.

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