Police Analyze Gangdong-gu Office Official's Personal Account... Investigate Office Officials and Others (Comprehensive)

Summons of District Office and SH Officials
Investigation into Personal Debt Status

[Asia Economy Reporter Jang Sehee] The police are tracking the accounts under the name of Kim Mo (47), a Grade 7 public official at Gangdong District Office who embezzled 11.5 billion KRW, to investigate the usage of the funds and whether any money was concealed.

On the 27th, the Gangdong Police Station summoned officials from Gangdong District Office and Seoul Housing & Communities Corporation (SH) who were in the approval line during the period of Kim’s embezzlement, as well as his successors in the relevant duties, starting from the previous day.

Kim, who worked in the Investment Attraction Division of Gangdong District Office, is suspected of embezzling public funds totaling approximately 11.5 billion KRW in multiple instances from around December 8, 2019, to around February 5 of last year, with up to 500 million KRW per day.

According to the police investigation, Kim reportedly stated that he used 7.7 billion KRW of the embezzled funds for stock investments and returned 3.8 billion KRW back to the district office’s account.

Starting around 10 a.m. on the same day, the police conducted a search and seizure at Gangdong District Office and Kim’s residence. They confiscated his work PC from the Job and Economy Division where he recently worked and began forensic analysis. At Kim’s home, they secured a laptop and notebooks, which are currently under analysis.

It was also confirmed that Kim sent an official letter in the name of the district office to the bank to increase the transfer limit of the public funds account. A police official stated, "We are checking whether charges such as forgery of official documents can be additionally applied." Furthermore, the police plan to investigate any personal debts and their scale.

Meanwhile, Gangdong District has formed a ‘Special Investigation Team on Public Service Corruption’ consisting of six departments to analyze the root causes internally and is conducting a special audit on the overall budget and accounting, including the presence of collaborators and assistants and the actual management of funds.

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