Lee Cheol-gyu "Kim Sang-hee's Privilege by Exploiting Investors"... Urges Investigation into Preferential Lime Fund Redemptions

Party Floor Strategy Meeting Remarks
"Financial Crime Fraud Drama Power Holder Must Be Revealed"

Lee Cheol-gyu, Secretary General of the People Power Party, said on the 25th regarding the Lime Fund preferential redemption controversy, "It must be revealed who the powerful figures involved in this massive financial crime fraud are."

At the party's floor strategy meeting held at the National Assembly that morning, Secretary General Lee stated, "There is evidence that preferential redemption was granted to a member of the Democratic Party of Korea just before the Lime Fund's redemption suspension, and the person involved is said to be Kim Sang-hee, a four-term Democratic Party lawmaker."

Lee Cheol-gyu, Secretary General of the People Power Party, is speaking on the 7th during a visit to the Violent Crime Investigation Unit at the Seoul Metropolitan Police Agency in Mapo-gu, Seoul, to review measures against violent crimes. Photo by Kim Hyun-min kimhyun81@

He pointed out, "Lawmaker Kim is suspected of having received 200 million won just before Lime Asset Management declared a large-scale redemption suspension in 2019, and the source of this fund is other funds and the asset management company's proprietary capital," adding, "In other words, preferential treatment was given to Lawmaker Kim by taking money from other investors' pockets."

He continued, "The Lime incident is a large-scale financial fraud that was exposed during the Moon Jae-in administration," and said, "It is a case where about 4,000 individual investors suffered damages, and although several Democratic Party figures were implicated in the process, nothing has been clearly revealed due to blatant lenient investigations."

Secretary General Lee said, "As the reinvestigation begins, the substantial truth is now surfacing," and criticized, "the Democratic Party's name appears repeatedly in unprecedented criminal cases including the Daejang-dong Gate involving Lee Jae-myung, the Democratic Party leader, the party convention money envelope scandal, and the coin gate, but the Democratic Party mocks the public by calling investigative activities aimed at uncovering the substantial truth political investigations and political oppression."

He added, "How rotten must this administration have been for criminal charges to keep emerging endlessly?" and emphasized, "The prosecution must actively investigate to uncover the substantial truth and the masterminds behind it, ensuring that not a single organized crime case remains unresolved."

Earlier, the Financial Supervisory Service announced the results of the 'Task Force (TF) inspection of asset management companies causing major investor damages' the previous day, revealing that Lime Asset Management granted preferential redemptions to some influential figures. Among them, it was disclosed that a multi-term lawmaker received 200 million won back, and one media outlet reported that this lawmaker is Kim.

In response, Lawmaker Kim stated, "I entrusted my assets to Mirae Asset Securities, the brokerage firm involved in the transaction, and suffered losses worth tens of millions of won, but I have never received preferential redemption," and added, "Mirae Asset Securities recommended redemptions to all customers who invested in Lime Martini No. 4 and others according to market conditions, and I understand that all customers, including myself, proceeded with redemptions."

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