Key suspect in South Korea real estate development scandal released again

Kim Man-bae, who prosecutors had requested for additional detention in connection with a suspected real estate development case in South Korea, was released from Seoul Detention Center in the early hours of the 7th. On the 6th, the Seoul Central District Court ruled that Mr.
The issuance of a warrant was postponed. Kim was indicted in March for concealing criminal proceeds from a real estate development business. Mr. Kim is a major shareholder of Huaten Dayu Asset Management, and
It is said that he carried out illegal land transactions and sales of development concessions. Prosecutors discovered new charges while Kim was in custody, and on the 1st of this month, they applied for another arrest warrant for EMBEZZLEMENT and violation of the Conflict of Interest Act.
However, the court rejected this. Prosecutors emphasized the need for additional detention, citing the high risk of destruction of evidence after Kim's ``false interview'' was recently discovered. However, the court
did not accept the prosecutor's argument. Kim was released once in November last year. At that time, he was indicted for breach of trust under the Act on Aggravated Punishment of Specified Economic Crimes, but he was released after the term of his detention expired. after that
, was hospitalized for self-harm and even delayed appearing at trial. Kim was rearrested in February this year and is currently being tried in a separate chamber of the Seoul Central District Court.
Regarding the court's decision, the Seoul Central District Public Prosecutors Office said, ``Much evidence has already been destroyed, and there is a possibility that new evidence will be destroyed in the future.''
, I cannot accept the court's decision. In the future, we will do our best to ensure that there are no hindrances to the prosecution, and we will do our best to uncover the substantive truth through investigations into important cases."