The prosecution has launched a compulsory investigation into Meritz Securities regarding allegations of fraudulent trading of convertible bonds with warrants (BW) related to E-Group (formerly Ewha Group).
According to the legal community on the 19th, the Tax Crime Investigation Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Lee Jin-yong) has been conducting a search and seizure at the headquarters of Meritz Securities located in Yeouido, Seoul, since the morning on charges including violation of the Capital Markets Act (fraudulent trading).
The prosecution has been investigating related matters on the grounds that employees of Meritz Securities were involved in fraudulent trading activities concerning the issuance and sale of E-Group's BWs.
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