Jeong Min-yong tells prosecution, "Saw Kim Yong and Yoo Dong-gyu at Yuwon Holdings last April"

Attorney Jeong Min-yong, who is on trial for allegations of lobbying and preferential treatment in the Daejang-dong development case, is attending a hearing at the Seoul Central District Court in Seocho-gu, Seoul, on the morning of the 14th. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Kim Hyung-min] The prosecution is reported to have secured a statement claiming that former Seongnam Urban Development Corporation Planning Director Yoo Dong-gyu saw Deputy Director Kim Yong at the site of Yuwon Holdings, which was identified as the place where illegal funds were handed over to Kim.

According to the legal community on the 25th, the Anti-Corruption Investigation Division 3 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Kang Baek-shin) secured a statement from lawyer Jeong Min-yong (former head of strategic projects at Seongnam Urban Development Corporation) that Deputy Director Kim visited the Yuwon Holdings office in Seongnam, Gyeonggi Province, in April last year and met with former Director Yoo.

Yuwon Holdings is a kelp fertilizer company jointly operated by former Director Yoo and lawyer Jeong. The prosecution believes that former Director Yoo handed over 10 million won in cash received from lawyer Nam Wook's side to Deputy Director Kim at this location. Lawyer Jeong acted as an intermediary in transferring money between lawyer Nam and former Director Yoo.

Deputy Director Kim is also reported to have admitted during the prosecution investigation that he visited the Yuwon Holdings office at that time. However, his position is that he only visited the office to greet former Director Yoo, with whom he had a close relationship, and that there was no receipt of illicit funds.

Lawyer Jeong also reportedly testified that he only saw Deputy Director Kim at Yuwon Holdings but did not witness former Director Yoo directly handing money to Deputy Director Kim.

The prosecution also confirmed that former Director Yoo received an additional 147 million won from lawyer Nam's side in August last year. Accordingly, the total amount of illegal funds received from lawyer Nam's side, conspired by former Director Yoo, Deputy Director Kim, and lawyer Jeong, was estimated at 847 million won. Deputy Director Kim denies all these allegations.

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