Court Grants Bail to Kang Raegu in 'Democratic Party Convention Money Envelope Allegation' Case
Bail Granted as Detention Nears Expiry
"No Contact or Communication with Case-Related Persons Allowed"
Kang Raegoo (58), Former Standing Auditor of Korea Water Resources Corporation [Image source=Yonhap News]
View original imageKang Raegu (58), former Standing Auditor of the Korea Water Resources Corporation, has been released on bail. Kang is a key figure in the Democratic Party's 'Party Convention Money Envelope Suspicion.'
According to the legal community on the 15th, the Seoul Central District Court Criminal Division 21-2 granted bail for Kang ex officio the day before.
The court stated that, as the detention period for Kang, who was indicted in custody last May, was nearing expiration, bail was decided with conditions. Under the Criminal Procedure Act, the maximum detention period for a defendant indicted in custody in the first trial is six months.
The court set conditions for release, including a deposit of 30 million won, compliance with the obligation to attend trials, submission of a pledge regarding evidence destruction and travel ban, and residence restrictions.
Additionally, Kang was prohibited from contacting or communicating in any way with related persons such as witnesses or reference witnesses in his trial and the trial of Park Yongsu, a former aide to former Democratic Party leader Song Younggil.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Kang was prosecuted on charges of conspiring with Representative Yoon Gwansuk, Representative Lee Seongman, and others to distribute a total of 94 million won within the party to elect former leader Song at the Democratic Party convention from March to May 2021.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.