Bank Employee Who Helped Investor Ra Deok-yeon Detained on "Flight Risk" Charges

A bank employee accused of assisting the investment attraction efforts of the key figure in the 'SG Securities-led stock price crash incident,' CEO Ra Deok-yeon Hoan (42), has been arrested.

[Image source=Yonhap News]

On the 13th, Judge Yoo Hwan-woo, head of the warrant division at the Seoul Southern District Court, conducted a detention hearing for Kim (50), head of the corporate finance team at Bank A, who is charged with violations of the Capital Markets Act, the Act on the Aggravated Punishment of Specific Economic Crimes (concealment of criminal proceeds), and bribery. The judge issued an arrest warrant citing "risk of flight."

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

According to the prosecution, Kim is suspected of participating in the crimes committed by CEO Ra and his associates, who are accused of market manipulation, by attracting investors and pocketing 250 million KRW from them.

At 2 p.m. on the 14th, Judge Kim Ji-sook, head of the warrant division, will conduct a detention hearing for Han (53), an employee of Securities Company B, who faces the same charges. Like Kim, Han is accused of introducing investors to Ra Deok-yeon and his group and receiving 290 million KRW in return.

Previously, the prosecution requested arrest warrants for Kim and Han in June and July, respectively, but the court dismissed both requests, stating that "the opportunity for defense must be guaranteed."

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