'Optimus Bribery' Former Financial Supervisory Service Director Sentenced to Prison in Second Trial... Court Says "Severe Punishment Needed"

Yoon, a former director at the Financial Supervisory Service who was prosecuted for receiving bribes from Optimus Asset Management, which was involved in a trillion-won fund fraud, was sentenced to prison again in the second trial.

On the 21st, the 13th Criminal Division of the Seoul High Court (Presiding Judges Baek Gang-jin, Kim Seon-hee, Lee In-su) sentenced Yoon, who was charged with bribery under the Act on the Aggravated Punishment of Specific Economic Crimes, to 1 year and 9 months in prison, a fine of 30 million won, and a confiscation of 47 million won, the same as in the first trial.

Seoul Central District Court, Seocho-gu, Seoul. Photo by Jinhyung Kang aymsdream@

The court stated the reason for dismissing Yoon’s appeal, saying, "The first trial determined the sentence based on reasons such as the defendant, as an employee of the Financial Supervisory Service, actively and repeatedly demanding money from the other party in exchange for various favors, which reflects the serious nature of the crime," and "this original judgment is within the discretionary range of sentencing."

Yoon, who denied some charges in the first trial, admitted to all offenses in the second trial. The court judged, "The defendant, who held a considerable position among the employees of the Financial Supervisory Service, greatly damaged public trust in such a position," and "the necessity of strict punishment cannot be denied."

Yoon was indicted without detention in January 2021 on charges of receiving a total of 47 million won and additionally demanding 45 million won as compensation for introducing and arranging financial industry personnel related to fund investment attraction, auction procedure delays, and various loans to Kim Jae-hyun, CEO of Optimus, and others from 2018 to 2019.

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