‘Daejang-dong Early Developer’ Former C7 CEO Jeon Sent to Prosecution on Fraud Charges
Lee Kang-gil, the former CEO of C7 and the initial developer of the Daejang-dong project, has been handed over to the prosecution on charges of fraud.
On the 23rd, the Gangnam Police Station in Seoul announced that on the 19th, Lee was sent to prosecution in custody on suspicion of extorting several billion won under the pretext of investment funds.
Since a complaint was filed in May last year, Lee deceived victims by promising to invest in real estate and received about 2 billion won. The police believe this case is unrelated to the Daejang-dong development project.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Lee is known to have led the initial Daejang-dong project along with lawyer Nam Wook, owner of Cheonhwa Dongin No. 4, and accountant Jung Young-hak, owner of No. 5.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
