'Bank Employee Who Helped Ra Deok-yeon Secure Investment Faces Second Arrest Warrant'

A bank employee accused of assisting investors and participating in stock price manipulation alongside Ra Deok-yeon, the CEO of Hoan (42), who is at the center of the 'SG Securities Stock Price Crash Incident,' is once again facing the possibility of detention.

At 10:17 a.m. on the 13th, Kim Mo, head of the Corporate Finance Team at A Bank, who is suspected of participating in market manipulation crimes by Ra Deok-yeon and his group, appeared at the pre-trial detention hearing held at the Seoul Southern District Court. Photo by Hwang Seoyul chestnut@

At 10:30 a.m. on the 13th, Judge Yoo Hwan-woo, in charge of warrants at the Seoul Southern District Court, conducted a pre-arrest detention hearing (warrant substantive examination) for Kim (50), head of the corporate finance team at Bank A, who is charged with violating the Capital Markets Act, the Act on the Aggravated Punishment of Specific Economic Crimes (concealment of criminal proceeds), and bribery.

Kim, who arrived at the court around 10:17 a.m. that day, remained silent in response to reporters' questions such as "Do you admit the charges?" and "Why did you participate in stock price manipulation?"

According to the prosecution, Kim is accused of participating in the crimes committed by Ra and his group, who are charged with market manipulation, by attracting investors and receiving 250 million KRW from them.

At 2 p.m. on the 14th, Judge Kim Ji-sook, also in charge of warrants, will conduct a warrant substantive examination for Han (53), an employee of Securities Company B, who faces the same charges. Han is similarly accused of introducing investors to Ra Deok-yeon’s group and receiving 290 million KRW.

Previously, the prosecution requested arrest warrants for Kim and Han in June and July, respectively, but the court dismissed both requests, stating that "it is necessary to guarantee the opportunity for defense."

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