A former head of an investment company was arrested on the 15th on charges of receiving several hundred million won in bribes from a project developer in exchange for providing loans.
Judge Jeong Jae-wook, who is in charge of warrants at the Seoul Central District Court, issued an arrest warrant for Nam Mo, a former head of eBest Investment & Securities, on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes (bribery and illegal private lending mediation). Judge Jeong explained the reason for issuing the warrant, stating, "There is a concern that evidence may be destroyed."
Earlier, the Anti-Corruption Investigation Division 3 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Lee Seung-hak) detected that Mr. A received several hundred million won in bribes from two project developers between 2018 and 2022 in exchange for providing loans, invested directly in the development projects, and arranged multiple loans, and subsequently requested an arrest warrant.
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