Prosecutors Conduct First Summons Interview of Former Lime Vice President Lee Jong-pil... Plan to Reapply for Arrest Warrant

[Image source=Yonhap News]

[Asia Economy Reporter Jeong Dong-hoon] Former Lime Asset Management Vice President Lee Jong-pil, who was arrested five months after causing the 1.6 trillion won-scale 'Lime Asset Management Scandal,' is undergoing his first interrogation at the prosecution on the 24th.

The Criminal Division 6 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Jo Sang-won) announced that Lee is currently being investigated after being summoned. It is known that the prosecution plans to reapply for an arrest warrant against him.

Lee went into hiding after an arrest warrant was requested last November on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes (bribery, etc.). He is accused of investing Lime's funds in the KOSDAQ-listed company 'Lead' and receiving money and valuables from the company's management.

Lee designed and managed Lime Asset Management funds. The prosecution is investigating Lime Asset Management's ▲ Ponzi scheme of fund returns ▲ sales fraud targeting investors by each fund sales company ▲ suspicions of protection by high-ranking officials and politicians, including Blue House officials.