Police Freeze 80 Million Won Received by Former Seongnam City Council Chairman Choi Yoon-gil from Hwacheon Daeyu

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] The police have frozen 80 million won suspected to have been received by Choi Yoon-gil from Hwacheon Daeyu as a reward for assisting the development of Daejang-dong in Seongnam City during his tenure as chairman of the Seongnam City Council, preventing him from disposing of the money.

According to the police on the 20th, the Daejang-dong Allegation Special Investigation Team (Team Leader Kim Kwang-sik) of the Gyeonggi Southern Provincial Police Agency applied for a pre-indictment seizure order regarding this matter, and the court approved it on the 19th. The pre-indictment seizure is a procedure that freezes profits suspected to have been obtained through crimes until the defendants' guilt is confirmed.

In February 2013, when Choi was chairman of the Seongnam City Council, the ordinance to establish the Seongnam Urban Development Corporation, which became the starting point for the Daejang-dong development, was submitted to the plenary session and passed. After stepping down from the chairman position, Choi worked as an executive at Hwacheon Daeyu and is suspected of agreeing to receive a performance bonus of 4 billion won from Hwacheon Daeyu major shareholder Kim Man-bae and others.

The police suspect that the amount frozen under the pre-indictment seizure, which Choi received from Hwacheon Daeyu as salary, is part of this performance bonus.

The police arrested Choi on the 18th on charges of bribery after wrongful acts. Choi is the first related suspect to be detained since the police began investigating the Daejang-dong case.

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