Nam Hyun-hee, "Giving Up Ownership of the 'Bentley' Received from Jeon Cheong-jo"

Voluntary Submission to Police... "Will Actively Cooperate with Investigation"

Former national fencing athlete Nam Hyun-hee (42) submitted a Bentley car and other items she received as gifts from her fianc? Jeon Cheong-jo (27) to the police.

Nam's legal representative stated on the 4th, "The Bentley car, which was a 'surprise gift' from Jeon, was voluntarily submitted to the police the day before, and the police accepted Nam's request, completing the seizure procedure."

Photo by Nam Hyun-hee Instagram

It was not only the Bentley that was submitted. The legal representative also said, "All precious metals received as gifts from Jeon, including bags, necklaces, rings, and watches, were also seized through voluntary submission."

Additionally, to deny suspicions of collusion, a statement relinquishing ownership of the submitted valuables was also submitted.

The legal representative added, "We will continue to comply with all requests from investigative agencies with a repentant heart and actively cooperate with the procedures. The only mobile phone that Nam has been using even before meeting Jeon will also be provided to the police anytime in the form of voluntary submission if requested."

Jeon was arrested the day before on charges of embezzling over 1.9 billion won from 15 people he met through lectures and other means under the pretense of investment funds (fraud under the Act on the Aggravated Punishment of Specific Economic Crimes).

Earlier, it was revealed that Jeon purchased a Bentley worth about 400 million won in cash and gifted it to Nam, sparking controversy with claims that "Nam Hyun-hee was the biggest beneficiary of Jeon Cheong-jo's fraudulent activities," raising suspicions of complicity.

Furthermore, Jeon fueled the controversy by claiming, "Nam Hyun-hee said she wanted to drive the Bentley."

However, Nam refuted this by stating, "The Bentley was a surprise gift from Jeon for a marriage proposal."

This Bentley controversy even reached the National Assembly. On the 3rd, Yoo Ki-hong, a member of the Democratic Party of Korea, strongly urged Kim Chang-gi, Commissioner of the National Tax Service, during the 2024 budget review of economic departments by the National Assembly's Budget and Accounts Committee, saying, "Jeon Cheong-jo gifted a Bentley worth about 400 million won to Nam Hyun-hee with options added, causing public outrage," and demanded that gift tax be collected.

According to the Inheritance and Gift Tax Act, gift tax is imposed on property or benefits transferred free of charge from others. If the Bentley Nam Hyun-hee received is worth 400 million won, a 20% tax rate (for 100 million to 500 million won) applies, resulting in a gift tax of around 70 million won.

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