Former Special Prosecutor Park Young-soo and Yang Jae-sik Investigation: Latest Updates and Warrant Prospects

2023-07-24 07:59:32

Yang Jae-sik, the closest aide, is also resummoned… Prospect to seek warrant soon

Former special prosecutor Park Young-soo is taking questions from reporters as he appears as a defendant on the trial date for the so-called ‘fake fisherman bribery’ case held at the Seoul Central District Court in Seocho-dong, Seoul on the morning of the 11th. /yunhap news

The prosecution first summoned the daughter of former special prosecutor Park Young-soo (71) in connection with the suspicion of the ‘Daejang-dong 5 billion club’.

Former Special Prosecutor Yang Jae-shik, who was closest to former Special Prosecutor Park, was also recalled following 42 days.

After the arrest warrant was dismissed once last month, the prosecution’s reinforcement investigation, which has been tracking the facts of the existing charges and new charges, seems to be heading to a’peak’ once more.

According to the legal community, the Seoul Central District Prosecutor’s Office’s Anti-Corruption Investigation Division 1 (Chief Prosecutor Eom Hee-joon) summoned Mr.

The prosecution is known to confirm the nature of the profits worth regarding 2.5 billion won obtained from Hwacheon Daeyu under the pretext of loans once morest Mr. Park.

Mr. Park joined Hwacheon Daeyu in June 2016 through the mediation of Mr. Kim Man-bae and received an annual salary of regarding 60 million won by September 2021.

In addition, from September 2019 to February 2021, a total of 1.1 billion won was borrowed from the company, and in June 2021, an apartment owned by Hwacheon Daeyou (exclusive area 84㎡) was sold at half the market price, and it is known that it earned a market profit of regarding 800 million won.

At the time of the first arrest warrant request for former special prosecutor Park, the prosecution did not apply criminal charges to the profits of regarding 2.5 billion won that Mr. Park collected, it was reported that they included only background facts.

However, when the warrant was dismissed on the 30th of last month, additional charges of violating the Improper Solicitation and Graft Act were applied to former special prosecutor Park and Mr. Park.

On the 18th of this month, Mr. Park’s residence was seized and searched, and the scope of specific criminal charges among 2.5 billion won was reviewed.

The prosecution summoned former special prosecutor Yang as a suspect that same day and is investigating him.

For former assistant special prosecutor Yang, it is known that the overall factual relationship is being investigated, including solicitations related to the formation of a consortium, focusing on the details of how 300 million won was flowed in as campaign funds when former special prosecutor Park ran for the election for the president of the Korean Bar Association in 2014.

It is analyzed as part of the work to specify the nature and circumstances of the money that former special prosecutor Park actually received following the warrant was dismissed.

Former special prosecutor Yang Jae-sik, who is suspected of the so-called ‘5 billion club’ for accepting money and valuables in return for helping private developers in Daejang-dong, is heading to the courtroom to receive a pre-arrest questioning (warrant review) at the Seoul Central District Court in Seocho-gu on the followingnoon of the 29th. /yunhap news

Previously, lawyers who worked together at the law firm Gangnam, where former special prosecutor Park served as the representative lawyer, were summoned and investigated one following another.

Former assistant special prosecutor Yang has had a relationship with former special prosecutor Park since he was a prosecutor, and is the closest aide who served as an assistant special prosecutor in the special prosecutor’s team in 2016.

The prosecution believes that former assistant special prosecutor Yang served as a practical ‘link’ between former special prosecutor Park and private businessmen in Daejang-dong.

In November 2014, while serving as chairman of Woori Bank’s board of directors, former special prosecutor Park is accused of receiving a promise of land and commercial buildings worth 20 billion won from Daejang-dong and his gang to allow Woori Bank to participate as an equity investor in the Seongnam Courtyard consortium.

Woori Bank initially considered participating in the Seongnam Uidtul consortium as an investor, but in March 2015, it ultimately refused to participate due to opposition from the screening department, and instead submitted a letter of intent for a loan of 150 billion won, saying that it would participate in a project financing (PF) loan. As a result, the Seongnam Courtyard consortium received a score close to perfect in the ‘funding’ part of the evaluation items for private operators.

Prosecutors suspect that as Woori Bank’s role has been reduced, the amount of money and valuables promised to former special prosecutor Park has also decreased from 20 billion won to 5 billion won.

After analyzing the results of the investigation into Park and former assistant special prosecutor Yang, the prosecution is expected to re-apply for an arrest warrant for former special prosecutor Park sooner or later.

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