Prosecutors Raid Meritz Securities Headquarters... Allegations of Private Gain Using Job Information

The prosecution has launched a forced investigation into Meritz Securities, which is suspected of unfairly selling Ewha Group's bonds with warrants (BW) by its executives and employees.

Seoul Seocho-gu Seoul Central District Prosecutors' Office. / Photo by Jinhyung Kang aymsdream@

On the morning of the 6th, the Tax Crime Investigation Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Park Hyun-gyu) sent prosecutors and investigators to Meritz Securities' headquarters in Yeouido, Seoul, to secure investigation materials.

Executives and employees of Meritz Securities are suspected of selling bonds with warrants before the suspension of Ewha Group's trading and using insider information for private gain, violating the Capital Markets Act, among other charges.