Moon Administration's 'Solar Power Project Corruption'... Financial Crime Joint Investigation Team Launches Probe

Office for Government Policy Coordination Requests Investigation of About 370 Cases of Improper Subsidy and Loan Receipt
Supreme Prosecutors' Office Transfers Some Investigation Requests to Joint Investigation Team

Prosecutor General Lee Won-seok is delivering a congratulatory speech at the launch ceremony of the Joint Investigation Unit for National Financial Crimes held on the morning of the 30th at the Seoul Northern District Prosecutors' Office in Dobong-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Heo Kyung-jun] The 'Joint Investigation Unit for National Fiscal Crimes' is investigating allegations of corruption in the solar power business during the Moon Jae-in administration as its first case.

According to the legal community on the 13th, the Supreme Prosecutors' Office decided to transfer part of the case requested for investigation by the Office for Government Policy Coordination to the Joint Investigation Unit established at the Seoul Northern District Prosecutors' Office that morning. The Joint Investigation Unit was launched last month.

The Anti-Corruption Promotion Team of the Office for Government Policy Coordination conducted a sample inspection of the operation status of the government's Power Industry Infrastructure Fund project in 12 out of 226 local governments nationwide last month, uncovering 2,267 cases of illegal and improper practices (worth 261.6 billion KRW). They requested the Supreme Prosecutors' Office to investigate 1,265 cases involving improper receipt of subsidies and loan support (involving 376 people).

The Joint Investigation Unit has recently focused its capabilities on responding to various types of national fiscal crimes, including tax evasion related to tax revenue such as tax fraud and overseas asset concealment, as well as fiscal corruption related to expenditure such as fraudulent subsidy claims.

The Joint Investigation Unit consists of about 30 members, including prosecutors, investigators, and dispatched staff from related agencies such as the National Tax Service, Korea Customs Service, Financial Supervisory Service, and Korea Deposit Insurance Corporation. The head of the unit is Yoo Jin-seung, head of the Overseas Illegal Asset Recovery Joint Investigation Unit.

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