Employee of securities firm who introduced investor to Ra Deok-yeon in 'SG Incident' arrested

An employee of a securities firm has been arrested on charges of introducing investors to the key figure of the 'SG Securities-driven stock price crash,' CEO Ra Deok-yeon Hoan (42), and receiving money.

[Image source=Yonhap News]

On the 14th, Judge Kim Ji-suk, in charge of warrants at the Seoul Southern District Court, conducted a pre-arrest detention hearing for Han (53), a manager at the securities firm, who is accused of violating the Capital Markets Act, the Act on the Aggravated Punishment of Specific Economic Crimes (concealment of criminal proceeds), and bribery, and issued an arrest warrant citing "risk of flight."

Han is accused of participating in the crimes of CEO Ra and his associates, who are suspected of market manipulation, by introducing investors to them and receiving 290 million won.

Previously, the prosecution requested an arrest warrant for Han in July, but it was dismissed on the grounds that "there is room for dispute regarding job-relatedness, and it is necessary to exercise the right to defense while not in detention."

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