'Daejangdong' Yoo Dong-gyu, Detention Period Extended... Court Cites "Risk of Evidence Tampering"

[Asia Economy Reporter Kim Daehyun] The detention period of Yoo Dong-gyu, former Planning Director of Seongnam Urban Development Corporation and a key defendant in the 'Seongnam Daejang-dong Development Special Favor and Lobbying Suspicion' case, has been extended by up to six months.

According to the court on the 20th, the Seoul Central District Court Criminal Division 22 (Chief Judge Lee Joon-cheol) issued an additional arrest warrant for Yoo on the previous day on charges of instructing evidence destruction. The court stated that the main reason was the 'risk of evidence destruction.'

Yoo was prosecuted on charges of causing damage to the corporation by designing the project in a way favorable to Hwacheon Daeyu Asset Management (Hwacheon Daeyu) after agreeing to receive a portion of the development profits from Kim Man-bae, the major shareholder of Hwacheon Daeyu.

The prosecution believes that Yoo's intention was to benefit Hwacheon Daeyu by failing to establish a plan to recover excess profits from private businesses during the Daejang-dong project process.

Yoo was detained on October 3 last year on these charges, and his detention period was set to expire on the 21st. The Criminal Procedure Act stipulates that a defendant can be detained for up to six months in the first trial from the date of indictment.

However, he was additionally indicted on the 4th for instructing an acquaintance, A, to discard his mobile phone, which he had previously entrusted, just before the prosecution's search of his residence on September 29 last year, and his detention period was extended today on these charges.

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