The Third Redevelopment Association Head of Imun 1 District Also Involved in Corruption... Sent to Prosecution Without Detention

Seoul Dongdaemun Police Station.

[Asia Economy Reporter Gong Byung-sun] The head of the redevelopment association for Imun 1 Redevelopment Promotion Zone in Dongdaemun-gu, Seoul, has also been handed over to the prosecution for involvement in embezzlement worth tens of billions of won.

On the 10th, the Dongdaemun Police Station in Seoul announced that at the end of last month, they sent Association Head A (62) to the prosecution without detention on charges of breach of trust and embezzlement under the Act on the Aggravated Punishment of Specific Economic Crimes.

A is accused of embezzling tens of billions of won by double-paying service fees to partner companies and diverting relocation promotion funds to relatives and acquaintances while serving as the head of the Imun 1 Redevelopment Association from 2019 to 2021. It is also known that he built a villa using association funds.

The Imun 1 Redevelopment Zone in Dongdaemun-gu, Seoul, was designated as a redevelopment promotion district in 2006. However, the first and second association heads were criminally punished for internal corruption. With the third association head also handed over to the prosecution for corruption, it is expected that the sales schedule will be disrupted.

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