[La Deok-yeon Gate] Two Recruiters of 'SG Incident' Detained... Heading to Court in Silence

Following the arrest of Ra Deok-yeon, CEO of Hoan (42), who was identified as the main culprit in the 'SG Securities Stock Price Crash Incident,' two others involved in recruiting investors have also faced detention.

[Image source=Yonhap News]

At around 10:30 a.m. on the 12th, Judge Yoo Hwan-woo, in charge of warrants at the Seoul Southern District Court, conducted a pre-arrest detention hearing (warrant review) for Ra's closest aide, Byun (40), and former professional golfer Ahn (33), who are charged with violating the Capital Markets Act and the Act on the Aggravated Punishment of Specific Economic Crimes related to concealing criminal proceeds.

Byun and Ahn, who appeared for the warrant hearing, remained silent when reporters asked whether they admitted to recruiting high-value investors, managing them, laundering commissions, and when they began conspiring with CEO Ra.

CEO Ra is accused of artificially inflating stock prices through coordinated trading using personal information and mobile phones obtained from investors. Byun and Ahn are known to have acted as recruiters for investors. Since the end of last month, stocks such as Samchully, Dow Data, and Seoul Gas, in which they invested, have hit the daily lower limit repeatedly, raising suspicions that the stock prices were manipulated.

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