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[Alpha Biz=(Chicago) Reporter Paul Lee] Jang Ha-won, CEO of Discovery Asset Management, a key figure in the Discovery Fund corruption scandal, is at a standstill.
Yoo Hwan-woo, a senior judge in charge of warrants at the Seoul Southern District Court, conducted questioning of three people, including CEO Jang, who are suspected of being involved in corruption in the Discovery Fund, before their arrest (investigation to determine a warrant's validity) from 2 p.m. on the 24th.
CEO Jang, who appeared in a black coat and a mask at around 1:57 p.m. on the same day, entered the court without answering questions such as "Do you admit to the charges?" "Do you have anything to say to the victims?" and "Do you think the request for the arrest warrant is an unreasonable investigation by the prosecution?"
CEO Jang is suspected of receiving 109 billion won worth of investment from investors by falsely specifying important matters in the investment proposal from August 2018 to April 2019.
A warrant review was also conducted on former Discovery Fund executives and lawyer A, whose arrest warrants were sought along with CEO Jang. Regarding the real estate business invested by Discovery Asset Management, A is accused of violating the Specific Economic Crime-weighted Punishment and Attorney-at-Law Act by requesting to the Seoul-based district office and local public corporations.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
