Police Summon Aide to Lee Choon-suk Over Alleged Stock Transactions Under Borrowed Names

The police investigating allegations of stock transactions under borrowed names involving independent lawmaker Lee Choon-suk have summoned and questioned multiple individuals, including Cha, an aide who reportedly lent his name for the transactions.

Yonhap News

The Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency announced on the 12th that they had summoned and questioned eight people the previous day, including Cha and other members of the lawmaker's office. The police explained, "We are currently analyzing seized materials and securities accounts related to the alleged stock transactions under borrowed names."

The police questioned Cha from 7 p.m. the previous day until 1 a.m. on the day of reporting. Cha, along with lawmaker Lee, is under suspicion of violating the Real Name Financial Transactions Act and the Conflict of Interest Prevention Act. The controversy began when, on August 4, a photo was captured in the National Assembly plenary session showing Lee trading stocks under Cha's name.

On August 7, the Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency formed a special investigation team consisting of 25 members, including lawyers, accountants, and other experts in legal and financial tracking.

The police conducted a search and seizure of lawmaker Lee's office in the National Assembly Members' Office Building in Yeouido, Seoul, for about five hours from the morning of the previous day. They have also imposed travel bans on both Lee and Cha.

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