Police Transfer Investigation of 'SG Incident' Stock Manipulation Allegations to Prosecutors

The police investigating allegations of stock price manipulation triggered by the SG (Soci?t? G?n?rale) Securities bombshell crash have handed the case over to the prosecution.

On the 2nd, the Gangnam Police Station in Seoul announced that it had transferred the case involving unregistered discretionary investment management suspected of stock price manipulation to the prosecution.

Accordingly, the joint investigation team of the Seoul Southern District Prosecutors' Office and the Financial Services Commission will take charge of the case. Earlier, the police handed over to the prosecution and the Financial Services Commission about 200 mobile phones registered under investors' names, suspected to have been used by the stock price manipulation group for collusive trading.

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