Denial of Arrest Warrant for Suspect in Political Lobbying Allegations Related to Pureevercoin

The police investigating the alleged political and corporate lobbying scandal involving Uninetwork, the issuer of the cryptocurrency Purever Coin, applied for arrest warrants for three main suspects, but all were dismissed.

According to the police and the court on the 2nd, the Financial Investigation Unit of the Seoul Metropolitan Police Agency applied for arrest warrants for Lee, CEO of Uninetwork; Jung, chairman of the Korea BCP Association; and Park, former head of the Government Joint Inspection Team at the Ministry of the Interior and Safety. However, the court dismissed all the warrants on the 31st of last month. The reason for dismissal was that there was no risk of flight or evidence tampering.

CEO Lee and Chairman Jung are suspected of handing over Purever Coins to former Director Park in 2021, before Purever Coin was listed on Coinone, asking for favors.

The police are conducting an investigation after identifying signs of lobbying targeting 28 current and former public officials, professors, journalists, and others listed in the 'Fine Dust Management Committee' obtained from Uninetwork. Among them, except for CEO Lee, Chairman Jung, and former Director Park, the other 25 individuals are currently under pre-investigation questioning.

Meanwhile, Purever Coin was pointed out as a trigger in the ‘Gangnam kidnapping and murder case’ that occurred last March.

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