Suwon District Prosecutors' Office Conducts Search and Seizure at Ssangbangwool Group Headquarters over 'Suspicious Fund Flows'

[Asia Economy Reporter Kim Hyung-min] On the 23rd, the prosecution is conducting a search and seizure of Ssangbangwool Group, where suspicious financial flows were detected.

According to the legal community, the Criminal Division 6 of Suwon District Prosecutors' Office (Chief Prosecutor Kim Byung-moon) sent investigators to Ssangbangwool headquarters in Seoul on the same day to secure related materials.

The prosecution has been investigating after receiving data related to Ssangbangwool's "suspicious financial flows" from the Financial Intelligence Unit (FIU). It is known that they examined the transaction details of convertible bonds (CB) issued by the company.

Some speculate that the Suwon District Prosecutors' Office, which is investigating the "Lee Jae-myung lawyer fee payment suspicion," has launched a forced investigation into the company linked to this suspicion, potentially accelerating the investigation into Lee Jae-myung, the Senior Advisor of the Democratic Party of Korea.

The lawyer fee payment suspicion centers on allegations that large attorney fees for lawyers handling the 2018 Public Official Election Act violation case, when Senior Advisor Lee served as Governor of Gyeonggi Province, were paid on behalf of him through convertible bonds and other means by a specific company.

The case related to Senior Advisor Lee is currently under investigation by the Public Investigation Division of the Suwon District Prosecutors' Office (Chief Prosecutor Kim Jong-hyun).

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