The Corruption Investigation Office Conducts Search and Seizure of Assets Manager of Police Superintendent Accused of 'Bribery'

The High-ranking Officials' Crime Investigation Division (PCC) investigating bribery allegations against a current police executive has detected suspicious financial flows related to Police Superintendent Kim and conducted additional coercive investigations.

According to the legal community on the 23rd, the PCC's Investigation Division 3 (Chief Prosecutor Song Chang-jin) sent investigators to the office and residence of Kim's acquaintance, Mr. A, in Gangnam-gu, Seoul, to secure financial transaction records.

Mr. A, a businessman, is known to have frequently conducted financial transactions with Superintendent Kim and managed his assets.

Superintendent Kim is accused of receiving a promise of 300 million KRW from Chairman Lee Sang-young of Daewoo Industrial Development last June in exchange for halting a police investigation, and of having received 120 million KRW of that amount.

During the process of tracing the accounts of those involved, the PCC detected suspicious financial flows and proceeded with a search and seizure operation on this day.

The PCC suspects that Superintendent Kim, who received money from Chairman Lee, may have sent part of it to Mr. A for purposes such as concealing criminal proceeds. They are currently verifying whether the bribery funds from Daewoo Industrial Development were laundered through an acquaintance of Chairman Lee, delivered to Superintendent Kim, and then passed on to Mr. A. If suspicious circumstances indicating Mr. A's involvement in the crime emerge during the investigation, he may also be registered as a suspect.

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