Arrest Warrant Denied for Hysan Executive in Bid-Rigging Case Related to 'Gwangju Hakdong Disaster'

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The arrest warrant for an executive of HDC Hyundai Development Company, who is accused of bid-rigging related to the Gwangju Hakdong disaster, has been dismissed.

On the 25th, Judge Kim Hye-jin, in charge of warrants at the Gwangju District Court, dismissed the pre-arrest warrant for Executive A of Hyundai Development Company, who is accused of bid-rigging.

Judge Kim stated that since Executive A has a fixed residence, there is no risk of flight, and there is no concern about evidence tampering.

After undergoing a pre-arrest suspect interrogation (warrant substantive examination) that morning, Executive A did not respond to reporters' questions such as "Do you admit the charges?" while leaving the courtroom.

Executive A is accused of being involved in the selection of the general building demolition contractor for the redevelopment project of Hakdong 4 District in Dong-gu.

According to police investigation, during the process conducted through a "designated competitive bidding" method, it was revealed that specific bid amounts were disclosed to Hansol Enterprise, which was ultimately selected as the demolition contractor.

It is reported that Executive A denies the charges.

The police plan to expand the investigation to include the association, maintenance company officials, and Hyundai Development Company headquarters approval line personnel related to the bid misconduct.

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