Accountant Min-geol Kim, who appeared as a witness in the trial on suspicion of preferential treatment for the Daejang-dong development project, testified that she expected that the project might generate more profits than the service results. He also testified that he had been asked to “block external solicitations” while meeting with accountant Jeong Young-hak and lawyer Nam Wook.
On the 14th, the 22nd Criminal Settlement Division of the Seoul Central District Court (Chief Judge Lee Jun-cheol) was charged with violating the Act on the Aggravated Punishment of Specific Economic Crimes (Breaching), etc. Hwacheon Daeyu) held the 14th trial of the major shareholders, Man-Bae Kim, Attorney Nam Wook, Attorney Min-Yong Jeong, and Accountant Young-Hak Jeong.
Accountant Kim Min-geol “I expected to earn more than 200 billion won at the time”
Following the previous trial date (the 11th), the trial was followed by a witness interrogation once morest accountant Kim Min-geol. Accountant Kim worked as the head of the strategic business department at Seongnam Pottery when the Daejang-dong development project was underway. He was the superior of Attorney Min-yong Jeong, who served as the team leader of the Strategic Business Office at the time, but it is said that lawyer Jeong, not accountant Kim, was in charge of the Daejang-dong business. At that time, the strategic business office they worked for was the department that prepared the competition guidelines for the Daejang-dong project.
Accountant Kim said, “As a result of the feasibility review service of the Korea Economic Research Institute, it was not possible to expect much more profit than 200 billion won in profit.” answered. This is a statement contrary to what has been emphasizing ‘business uncertainty’ by the Daejang-dong developers and former candidate Lee Jae-myung’s camp.
Contrary to what the Daejang-dong party emphasized on ‘the cost of business uncertainty’
Democratic Party lawmaker Park Chan-dae, who was the chief spokesperson for the former candidate’s camp, said in September last year, “We wanted to take the stable funds that we can secure preferentially rather than take the uncertain real estate development profits equally. It was a structure in which the Urban Development Corporation and private financial institutions made the decision-making process, and private operators entered with uncertainty regarding the remaining residual profits,” he said.
The prosecution also presented the ‘Minute of the meeting related to the confirmation of public offering guidelines’ dated February 2015, in which accountant Kim attended. In the minutes of the meeting, accountant Kim said, “If there is regarding 100 billion won in profits from the development of Daejang-dong, I think that a certain part of the (profit) should be taken and used for public works.”
The competition guidelines for the Daejang-dong project were drafted by the Korea Economic Research Institute (Han Gyeong-yeon), commissioned by Seongnam Pottery, and completed by the Seongnam Pottery Strategic Project Team, to which accountant Kim and Attorney Jeong belonged.
Prosecutors said that the content of this competition guideline was to limit the profits of Seongnam Pottery to 180 billion won, and the reason was that former general manager Yoo conspired with Kim Man-bae and other private companies to drive profits to Hwacheon Daeyu. have been claiming
Dinner with Nam-wook right following joining the company
Accountant Kim revealed that he had met with Attorney Jung and Attorney Nam separately in November 2014, right following he joined Seongnam Pottery. He testified at this meeting, “(from them) there was a request to prevent any other external solicitation or something like this.”
Accountant Kim testified that he had dinner with Accountant Jeong right following joining Seongnam Pottery on the previous day.
Accountant Kim also said at the trial that day, “(At the time, there was talk of a man participating in the Daejang-dong project).”
However, the prosecution asked, “The witness (Accountant Kim) and Attorney Jeong are actually in a situation where they can become employees (Seongnam-do Gaeonggong), of course, there must have been some talk regarding asking them to take a good look at Daejang-dong (business).” “Please take a look, there was no such story,” he replied.
When the prosecution asked regarding the ‘external solicitation’ mentioned by Accountant Jeong, Accountant Kim replied, “It is probably because several consortiums do it.” Since there are several consortiums, it can be interpreted as meaning that you should not give a favorable benefit to the other party.
Prosecutors suspect that Kim Man-bae and others modified the public offering guidelines through former general manager Yoo and lawyer Jeong, and carried out the Daejang-dong development project in a way that they might earn huge profits. In this process, it is believed that the strategic business team, where accountant Kim and lawyer Jeong worked, was in charge of tasks such as determining the profit of Seongnam Pottery to regarding 180 billion won in the competition guidelines.
Prosecutors indicted Kim Man-bae and other defendants on charges of causing enormous damage to Seongnam Pottery by unfairly driving profits from the Daejang-dong development project to Hwacheon Daeyu. The amount of breaches that the prosecution has estimated so far is 182.7 billion won.
