Application for Seizure and Confiscation Preservation of Second Property of Gangdong-gu Office Official Embezzling 11.5 Billion Won

Application for seizure and preservation of assets worth 220 million won
Suspected embezzlement and forgery of official documents under the Act on Aggravated Punishment of Specific Economic Crimes

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] The police have filed a second pre-indictment seizure and confiscation preservation request on the assets of Kim Mo (47), a public official affiliated with the Gangdong-gu Office in Seoul, who is accused of embezzling 11.5 billion won of public funds.

On the 15th, the Gangdong Police Station in Seoul announced that on the 10th, they submitted a pre-indictment seizure and confiscation preservation request to the prosecution regarding Kim’s assets, who is suspected of embezzlement in the course of duty under the Act on the Aggravated Punishment of Specific Economic Crimes, forgery of official documents, and fabrication of false official documents.

The assets subject to the second pre-indictment seizure and confiscation preservation request are estimated to be worth approximately 220 million won.

Earlier, on the 4th of this month, the police had filed a first pre-indictment seizure and confiscation preservation request on assets worth about 570 million won, including the balance in Kim’s accounts and land. According to the police, the court approved the police’s pre-indictment seizure and confiscation preservation request on the 11th.

Pre-indictment seizure and confiscation preservation is a measure that prevents a suspect from arbitrarily disposing of assets subject to confiscation before a final court ruling is made.

Meanwhile, Kim is accused of embezzling 11.5 billion won of public funds over approximately 230 instances since the end of 2019.

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