Assignment of Daejang-dong Original Resident Lee Jae-myung's Accusation Case to Central District Prosecutors' Office Special Investigation Team

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] The original residents living in Daejang-dong, Seongnam-si, Gyeonggi-do, have filed a complaint against Lee Jae-myung, the Standing Adviser of the Democratic Party of Korea, and others, alleging that Hwacheon Daeyu Asset Management (Hwacheon Daeyu) was given astronomical profits. The case has been assigned to the Daejang-dong Special Investigation Team (led by Deputy Chief Prosecutor Kim Tae-hoon) at the Seoul Central District Prosecutors' Office.

According to the prosecution on the 12th, the Seoul Central District Prosecutors' Office entrusted the case to the special investigation team on the same day. The original residents had filed a complaint the previous day, requesting punishment for Lee Jae-myung, major shareholder Kim Man-bae of Hwacheon Daeyu, CEO Lee Seong-moon, and 15 others on charges of breach of trust under the Special Act and violation of the Urban Development Act.

In the complaint filed the previous day by 33 original residents including Lee Ho-geun from Daejang-dong and the descendants of the U-gye Lee clan who lived in a concentrated village in Daejang-dong, they claimed that the conditions for private contracts under the Urban Development Act were ignored. They alleged that 'Seongnam's Garden,' the developer of the Daejang-dong project, supplied five plots to Hwacheon Daeyu through private contracts, resulting in unfair profits exceeding 300 billion won, which Lee Jae-myung and others tacitly allowed.

They also viewed that officials from Seongnam City, Seongnam Urban Development Corporation, and Hwacheon Daeyu conspired during the process of reviewing and submitting the illegal business plan. They pointed out that Lee Jae-myung, who was the mayor of Seongnam at the time, approved the project despite knowing that the private contract with Hwacheon Daeyu was illegal.

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