Prosecutors Seek Arrest Warrant for Investment Advisory Executive Involved in Deutsche Motors' 'Kim Gun-hee File' Case

Deutsche Motors Headquarters
Photo by Yonhap News

[Asia Economy Reporter Kim Hyung-min] The Seoul Central District Prosecutors' Office Anti-Corruption Investigation Division 2 (Chief Prosecutor Kim Young-chul), which is investigating the Deutsche Motors stock manipulation case, filed an arrest warrant on the 1st for A (52), an executive of an investment advisory firm involved in the creation of the so-called 'Kim Gun-hee file.'

A is suspected of conspiring with Chairman Kwon Oh-soo of Deutsche Motors and others to artificially inflate Deutsche Motors' stock price through market manipulation from December 2009 to December 2012, violating the Capital Markets Act.

He left for the United States during the prosecution's investigation last year but was arrested upon his return on the 29th of last month due to passport invalidation and Interpol cooperation measures. The prosecution suspects him to be the person involved in creating an Excel file named 'Kim Gun-hee,' which was disclosed at the trial on August 26. This file is known to contain the number of Deutsche Motors shares traded under Mrs. Kim's name on January 13, 2011. The file's creation period coincides with the time when the Deutsche Motors stock manipulation group was conducting their second operation.

After securing A's custody, the prosecution is expected to verify the circumstances of the file's creation under Mrs. Kim's name and whether Mrs. Kim was involved in the stock manipulation.

The Seoul Central District Court Criminal Division 23 (Chief Judge Jo Byung-gu), which is handling the trial of Chairman Kwon Oh-soo and others, is also scheduled to summon A as a witness for questioning on the 2nd.

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