Seongnam City has initiated procedures to recover criminal proceeds from private operators in the Daejang-dong case that were confiscated and preserved by the prosecution.
According to the legal community on November 25, Seongnam City recently requested and received access to criminal trial records and a list of assets related to the confiscation and preservation of assets belonging to private operators in the Daejang-dong case from the Seoul Central District Prosecutors' Office.
The records obtained by Seongnam City reportedly include information on the private operators' real estate, bank accounts, and case numbers related to the matter.
During its investigation into the Daejang-dong case, the prosecution previously identified and confiscated assets worth approximately 207 billion won belonging to private operators, including attorney Nam Wook.
Confiscation and preservation is a procedure in which assets are frozen in advance to prevent their disposal, in preparation for the possibility of confiscation once a final verdict is reached.
However, after the first trial verdict, it became difficult to maintain the confiscation and preservation of the frozen assets as the prosecution decided not to appeal.
Seongnam City has stated that, upon completing its analysis of the asset list obtained from the prosecution, it will pursue legal action through civil procedures such as provisional seizure and attachment.
Seongnam Urban Development Corporation has also filed a civil lawsuit (to confirm the invalidity of the dividend resolution) against 'Seongnam's Garden,' the developer of the Daejang-dong project.
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