‘Daejang-dong Early Developer’ Former C7 CEO Jeon Sent to Prosecution on Fraud Charges

Lee Kang-gil, the former CEO of C7 and the initial developer of the Daejang-dong project, has been handed over to the prosecution on charges of fraud.

On the 23rd, the Gangnam Police Station in Seoul announced that on the 19th, Lee was sent to prosecution in custody on suspicion of extorting several billion won under the pretext of investment funds.

Since a complaint was filed in May last year, Lee deceived victims by promising to invest in real estate and received about 2 billion won. The police believe this case is unrelated to the Daejang-dong development project.

Lee is known to have led the initial Daejang-dong project along with lawyer Nam Wook, owner of Cheonhwa Dongin No. 4, and accountant Jung Young-hak, owner of No. 5.