Prosecutors Conduct Additional Search of No Woong-rae's Residence... Large Amount of Cash Bundles Seized

No Woong-rae, Democratic Party of Korea lawmaker Photo by Yonhap News

[Asia Economy Reporter Kim Hyung-min] On the 18th, the prosecution is conducting an additional search and seizure at the residence of Assemblyman No Woong-rae of the Democratic Party of Korea, who is accused of bribery and violations of the Political Funds Act.

The Anti-Corruption Investigation Division 2 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Kim Young-chul) has sent prosecutors and investigators to Assemblyman No's residence since the morning to secure materials. This search is reportedly aimed at securing a large amount of cash bundles discovered during the first search two days ago.

During the first search, the prosecution did not include cash in the seizure warrant, so they only sealed the cash and later obtained a new warrant from the court. Some of the cash bundles found inside a wardrobe at the residence were reportedly inside envelopes bearing the name of a specific company.

Assemblyman No is accused of receiving a total of 60 million won from businessman Park through election expenses for the 21st National Assembly election from February to November 2020 or under various solicitation pretexts (charges of bribery, mediation bribery, and violation of the Political Funds Act).

The prosecution is expected to investigate the source of the cash kept by Assemblyman No, considering the possibility that Park's money was mixed in.

However, Assemblyman No denied any wrongdoing, stating, "About 100 million won came from condolence money and funds from a publication commemorative event," claiming the money is legitimate.

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