[On-site video+] Prosecutors are not prosecuted for the "Deutsche Case" Kim Gun-hee..."I didn't participate in the crime".

2024.10.17 오전 11:08
[Anchor]
The prosecution has decided not to indict Kim Gun-hee, who was involved in the Deutsche Motors stock price manipulation case.

The prosecution is wrapping up the investigation that has been drawn up for four and a half years and is officially briefing on this.

Let's hear the opening remarks of the Seoul Central District Prosecutors' Office briefing.

[Jo Sangwon / Seoul Central District Prosecutors' Office 4th Chief Prosecutor]
Hello, I'm Cho Sang-won, the 4th chief prosecutor of the Seoul Central District Prosecutors' Office. I will tell you the results of the investigation so far regarding the alleged involvement of the President's spouse in Deutsche Motors market price manipulation.

From 2020 to 2021, the investigation team of the Seoul Central District Prosecutors' Office conducted an investigation into the Deutsche Motors market price manipulation case, prosecuting nine people, including the main culprit, Kwon, and prosecuting six people. In this case, the prosecution will say that the president's spouse or less is a suspect. It was determined that some securities accounts in the spouse's name were used for market price manipulation, and even after the indictment, the investigation team investigated whether the suspect recognized the main offenders' market price manipulation and continued to participate in the crime.

The investigation team conducted additional written and face-to-face investigations into the suspect based on physical evidence such as phone orders from securities firms, text messages and phone calls, statements from people involved in market price manipulation such as Kwon, and judgments on related cases.

The investigation team thoroughly reviewed the suspect's alleged involvement in market price manipulation according to evidence and legal principles without any other consideration. Kwon, the main culprit, used the accounts and funds of early investors, including suspects, to secure supply and demand accounts or stocks at the request of the owners while carrying out market price manipulation with Lee and Kim.

Considering the evidence relationship and related crimes identified through the investigation so far, it was difficult to say that the suspect conspired to manipulate the market price with the main offenders, entrusted account management or traded stocks directly while recognizing or predicting their market price manipulation crime, so the suspect was not charged today.

In addition, the investigation team investigated the account holder, including the suspect's mother, identified only by her surname Choi, who provided funds or accounts at Kwon's initial request, but decided not to charge the account holder, including Mr. Choi, because it was difficult to say that he was aware of Kwon's market manipulation.

In the case of Son, who was found guilty of aiding and abetting market price manipulation at the appeal trial, he knew about the market price manipulation through Kim, a professional investor, and placed more than 400 orders for market price manipulation directly to HTS at Kim's request, and was previously mobilized as a supply and demand force for other stocks at Kim's request.The evidence fully supports Mr. Son's assistance, including the statement that he informed Mr. Son

of stock price management and a number of text messages related to market price manipulation between the two at the time of stock trading. On the other hand, the suspect did not have such circumstances or circumstances, so this was attached to the judgment of the suspect's charges.

The results of this investigation were agreed upon by the investigation team, which prosecuted two people, including Kwon, and after the first investigation team, the Central District Prosecutors' Office has faithfully conducted necessary investigations, including investigations of bank owners and suspects, including Deutsche Motors representative, those involved in market manipulation, and the suspect's mother, and closely reviewed court rulings and related evidence, and came to this conclusion based on evidence and legal principles.

We will conclude the presentation of the investigation results above.



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