Koo Young-bae, CEO of Q10 and Timef in the Unsettled Situation, Crossroads for Arrest

Koo Young-bae of the 'Timev Incident' proceeds with interrogation of suspects before arrest

"Apologies to victims and the public...I didn't take back the settlement amount."

Koo Young-bae "Report on the reduction of the Financial Supervisory Service's settlement amount, I don't know."

[Anchor]
An arrest examination will be held for Kuten Group CEO Koo Young-bae and Timev representatives, who have been identified as the superiors of Tmon and Wemakev's large-scale non-settlement.

While the prosecution has started to secure the whereabouts of key suspects in two months since the formation of the investigation team, it is expected that the arrest will be decided as early as this evening.

Let's connect with the reporter to hear more information.

Reporter Kim Tae-won.

Koo Young-bae, CEO of Q10 Group, appeared in court a little while ago?

[Reporter]
Yes, the interrogation of the suspect before the arrest of representative Koo Young-bae, who was pointed out as the final person in charge of the Timef scandal, began a while ago at 9:50 p.m.The representative of

district attended the court and said, "I sincerely apologize to the victims and the people, and I will sincerely explain myself at today's trial."

However, following the denial of the allegation that he stole the settlement amount of KRW 1.5 trillion,
At the end of last year
, he said he did not know about the allegation that he reported KRW 500 billion in unpaid bills to the Financial Supervisory Service to 46 billion.

It seems that the court will maintain the same position.

Starting at 10:30 p.m., Ryu Hwa-hyun, CEO of Wemakep, and Ryu Kwang-jin, CEO of Timon, will be reviewed one after another from 11:10.

They were charged with fraud, embezzlement, and breach of trust under the Specific Economic Crimes Weighted Punishment Act.

Specifically, the charges of stealing KRW 1.595 trillion by deceiving sellers and continuing the business of blocking them even though they knew they could not pay the settlement amount,

Both Timon and WeMakePrice are accused of causing more than KRW 69.2 billion in damage to Timon and WeMakePrice by supplying all the work to affiliates that allow them to sell Timon and WeMakePrice products on QExpress.

He is also accused of embezzling 67.1 billion won in funds from Timon and Wemakeff to use it as a payment for the acquisition of Wish, an American e-commerce company.

The prosecution said in today's arrest review that the incident was a serious crime that caused astronomical property damage to vendors, most of whom are ordinary and small businesses,

In addition, representatives Ryu Kwang-jin and Ryu Hwa-hyun are expected to emphasize that there is a risk of eliminating evidence by presenting a situation in which they plotted to pass the responsibility on representative Koo.

The district representative denies the charges,
The representatives of
Timev are expected to refute the claim, saying that they only followed instructions and did not intend to commit the crime, as the representative Koo controls the overall operation of Timev through the Quten Group.

Their arrest is expected to be decided as early as late as this afternoon,
If the
prosecution succeeds in securing recruits for the final officers, including CEO Koo, it will also consider whether to investigate other QTEN group affiliates such as AK Mall and Interpark Commerce.

So far, I'm Kim Tae-won of YTN in the Seoul Central District Court.