Witness Claims Korean Opposition Leader Owned Secret Stake in Real Estate Investment Scandal
This is the first time I have read of a direct accusation against Lee Jae-myung from someone directly involved with the Daejang-dong real estate investment scandal:
Lawyer Nam Wook, a key figure in the Daejang-dong development corruption scandal, is surrounded by reporters as he walks to his trial at the Seoul Central District Court in Seocho District, southern Seoul on Monday. [YONHAP]
A key figure in the Daejang-dong corruption scandal said Monday he heard that Democratic Party (DP) leader Lee Jae-myung held a hidden stake through one of the investors in the project.
Joong Ang Ilbo
Lawyer Nam Wook made the allegation at his trial on the Daejang-dong case at the Seoul Central District Court, hours after he was released from jail at midnight Sunday after his detention period expired. Nam is charged with breach of trust and bribery in the case.
His case is believed by prosecutors to be part of a larger conspiracy concerning astronomical profits raked in by Hwacheon Daeyu, a previously obscure asset management company, and its Cheonhwa Dongin affiliates, from minuscule investments in a 2015 real estate development project in the Daejang-dong area of Seongnam, Gyeonggi, as well as suspicions about their true ownership.
You can read more at the link.
Will we see any hiking accidents?
Lee Jail Myung was always getting a cut.