Suspicion of Embezzlement of Supercar Sales Proceeds... No Prosecution for Cheongdam-dong Stock Tycoon's Younger Brother

The police have determined that there is no suspicion against Lee Hee-moon, the younger brother of 'Cheongdam-dong stock millionaire' Lee Hee-jin, who was suspected of embezzling the proceeds from the sale of a supermarket.

On the 13th, the Gangnam Police Station in Seoul announced that on the 29th of last month, they decided not to prosecute Lee Hee-moon, who was accused of violating the Act on the Aggravated Punishment of Specific Economic Crimes (embezzlement). Lee is the younger brother of Lee Hee-jin.

The police reportedly judged that there was insufficient evidence to support Lee's charges based solely on the complainant's claims, and thus found him not guilty.

In April, the Lee Hee-jin victims' group filed a complaint with the police, alleging that Lee embezzled 2 billion KRW by selling a supercar and delivering 500 million KRW to his parents. According to the group, on February 25, 2019, Lee sold a Bugatti Veyron through a car brokerage firm in Bundang, Gyeonggi Province, for 2 billion KRW, and 1.5 billion KRW of that amount was deposited into Deep Mining (formerly Mirae Investment Partners), a company owned by Lee. The remaining 500 million KRW was received in cash and handed over to his parents. On the same day, Kim Da-woon murdered Lee's parents and robbed the 500 million KRW.

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