Optimus Affiliate Minority Shareholder Representative Arrested on Charges of Breach of Trust and Embezzlement

[Asia Economy Reporter Baek Kyunghwan] The representative of minority shareholders of Haeduk Powerway, suspected to be a money laundering channel for Optimus Asset Management (Optimus) amid allegations of fund fraud and political lobbying by Optimus executives, has been arrested.

According to the legal community on the 19th, the Economic Crime Criminal Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Jumincheol) requested an arrest warrant for A (61), the representative of minority shareholders of Haeduk Powerway, on charges including breach of trust, and violation of the Act on the Aggravated Punishment of Specific Economic Crimes (extortion), which was issued on the 15th.

The court issued the arrest warrant, judging that there was a risk of evidence destruction and flight by A.

A is accused of breach of trust for receiving 650 million won after being asked to improperly exercise voting rights at the general shareholders' meeting by those acting as lobbyists for Optimus, in his capacity as the representative of minority shareholders of Haeduk Powerway.