Violation of the Attorney-at-Law Act on the 19th
Investigation related to Deutsche Motors stock manipulation on the 21st, “The special prosecutor team led by Min Jung-gi, investigating the allegations surrounding Kim Kun-hee, plans to summon Lee Jong-ho, the former CEO of Black Pearl Invest, who is known to be one of Kim’s closest associates, at least twice this week.”,
“According to legal circles on the 18th, the special prosecutor team will summon Mr. Lee to their office at the KT Gwanghwamun Building West in Jongno-gu at 10 AM on the 19th and 21st. This will be his second and third appearance for questioning following his arrest on the 5th.”,
“The special prosecutor team plans to summon Mr. Lee on the 19th as a suspect to further investigate the alleged violation of the Attorney-at-Law Act. Mr. Lee is accused of receiving over 80 million won on 25 occasions, between June 2022 and February 2023, from Lee Jeong-pil, a key player in the first stock manipulation case of Deutsche Motors, and promising to help him receive a suspended sentence instead of a prison term. The special prosecutor filed an arrest warrant on the 1st, and the court issued the warrant on the 5th citing concerns about destruction of evidence. Mr. Lee denies the charges, claiming that Lee Jeong-pil’s testimony, which initiated the investigation, is false.”,
“On the 21st, Mr. Lee will be summoned as a witness regarding Kim Kun-hee’s alleged involvement in the Deutsche Motors stock manipulation. Kim Kun-hee is suspected of funding the manipulation, acting as a ‘money master’ in violation of the Capital Markets Act, during the stock manipulation period from 2009 to 2012. Mr. Lee, recognized as Kim’s account manager and the control tower for price manipulation during the so-called ‘second operation’ phase, has been indicted alongside Kwon Oh-soo, the former chairman of Deutsche Motors, and eight others, with the Supreme Court confirming their guilt. The court ruling specified that three of Kim’s accounts and one belonging to her mother, Choi Eun-soon, were used for price manipulation. The special prosecutor team is likely to question Mr. Lee about whether Kim was aware of the stock manipulation when she entrusted her accounts to him.”,
“In addition, Mr. Lee is identified as a key figure in other allegations linked to Kim Kun-hee, such as the Sambo Construction stock manipulation and the lobbying suspected in the case of Chae Sang-byeong’s death in the line of duty involving Lim Seong-geun and Jo Byeong-no.”