Prosecutors Raid Office of Former Supreme Court Justice Kwon Soon-il Over '5 Billion Won Club' Allegations
Search Warrant Includes 'Allegation of Violation of the Attorney-at-Law Act'
The prosecution has launched a forced investigation into former Supreme Court Justice Kwon Soon-il in connection with the 'Daejang-dong 5 Billion Club' allegations. Following former special prosecutor Park Young-soo and former lawmaker Kwak Sang-do, the prosecution appears to have begun a full-scale investigation targeting former Justice Kwon.
The Anti-Corruption Investigation Division 3 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Kim Yong-sik) is conducting a search and seizure of former Justice Kwon's office on the 21st on charges of violating the Attorney-at-Law Act.
The 5 Billion Club refers to individuals whom Kim Man-bae, a private developer of Daejang-dong, promised to share the profits from Daejang-dong. The names listed in the 5 Billion Club include former Justice Kwon, former special prosecutor Park, former lawmaker Kwak, former Prosecutor General Kim Soo-nam, former Blue House Senior Secretary for Civil Affairs Choi Jae-kyung, and journalist Hong Mo, among others.
Former Justice Kwon is suspected of acting as an advisor to Hwacheon Daeyu Asset Management, where Kim is the major shareholder, without registering as a lawyer with the Korean Bar Association. It is known that former Justice Kwon received a total of 150 million won in advisory fees during his tenure.
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Additionally, former Justice Kwon is also suspected of judicial trading, accused of taking the advisory position at Hwacheon Daeyu as a reward for expressing a not guilty opinion in July 2020 at the Supreme Court's full bench regarding the public official election law violation case of Lee Jae-myung, then governor of Gyeonggi Province and current leader of the Democratic Party of Korea.
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