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[Alpha Biz=(Chicago) Reporter Kim Jisun] The prosecution seized and searched Meritz Securities' headquarters.
After allegations arose that executives and employees earned hundreds of millions of won in profits using internal information, they launched a forced investigation.
We are planning to check whether the stock was sold with undisclosed information.
About 10 locations were raided by the prosecution, including Meritz Securities' headquarters and Ewha Group's headquarters.
The move is aimed at finding out suspicions that Meritz Securities sold its stake after knowing information in advance before suspending trading with Ewha Group.
It was on May 10 that Ewha Electro-Mechanics trading was suspended on charges of embezzlement and breach of trust by Ewha Group Chairman Kim Young-joon.
However, Meritz Securities, which held 32.2% of Ewha Electro-Mechanics' shares, announced that it sold all 58 million shares on the same day.
They escaped at an exquisite time when they could have lost a lot.
When allegations arose that he used internal information to sell his stake in advance just before the suspension of the transaction, Chairman Choi Hee-moon denied it directly at a parliamentary audit session.
However, the prosecution, which was informed of the situation by the Financial Supervisory Service, launched a forced investigation.
The key is whether they knew in advance the possibility of suspending Ewha Electro-Mechanics and who intervened to what extent if they knew in advance.
In addition, the prosecution's investigation is also subject to the circumstances in which executives and employees made private profits by investing directly with their own and family funds using secrets they learned while on duty.
After analyzing the confiscated materials, the prosecution will call in officials from Meritz Securities Co. and Ewha Group to investigate the leak and whether they colluded.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
