Prosecutors Receive Complaint on Allegations of Former President Roh Tae-woo's 30 Billion Won Slush Fund

COMPANY / Reporter Kim Jisun / 2024-09-25 03:18:21

Chey Tae-won, Chairman of SK Group (Photo: Korea Chamber of Commerce and Industry)

 

[Alpha Biz= Reporter Kim Jisun] The prosecution is considering an investigation into former President Roh Tae-woo's alleged slush fund of 30 billion won, which came to light during the divorce proceedings between Chey Tae-won, Chairman of SK Group, and Noh So-young, the director of Art Center Nabi.

On the 24th, legal sources reported that the Seoul Central District Prosecutors' Office received a complaint on the 19th regarding a memo referencing the "30 billion won of Seongkyung," which was assigned to the Asset Recovery Division led by Chief Prosecutor Yoo Min-jong. The complaint reportedly requests an investigation into allegations of slush fund concealment and tax evasion involving Chairman Chey, Director Noh, former President Roh's wife Kim Ok-sook, and their son Roh Jae-heon.

The prosecution will review the complaint and decide whether to conduct a direct investigation, transfer it to the police, or dismiss it.

In a ruling by the second instance court overseeing the divorce proceedings in late May, it was concluded that the 30 billion won, believed to be slush funds from the former president, flowed to the late Chairman Choi Jong-hyun of SK Group, becoming the seed capital for the SK Group's growth. The memo, labeled "30 billion won of Seongkyung" written by Kim Ok-sook, served as a significant basis for this judgment.

In previous investigations, the status of these funds as slush money was not clarified, and they were not included in the confiscation amounts.

 

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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