Special edition “Out of 398 suspicions of real estate speculation, 3 are members of the National Assembly”

Input 2021.03.24 17:53 | Revision 2021.03.24 17:59



National Investigation Headquarters of the National Police Agency. / Police Agency

The police investigating allegations of land speculation related to the Korea Land and Housing Corporation (LH) included three members of the National Assembly.

On the 24th, Choi Seung-ryul, head of the Special Investigation Division of the Government Joint Special Investigation Headquarters (special edition), head of the National Investigation Headquarters, said, “Currently, an investigation is underway on a total of 89 cases and 398 people related to real estate speculation such as LH.” He said that speculation using this will be severely punished on the basis of arrest investigations.

Of the 398 people investigated, 85 were public officials and 31 were LH employees. Among the 85 public officials, three members of the National Assembly and 19 members of the Mayor’s and Provincial Council were included.

“Three of the 14 members of the National Assembly with allegations of speculation were subject to investigation,” said Choi. “If the complaint against the National Assembly member received by the prosecutors is passed to the police, the number is expected to increase.” On this day, the police did not disclose the real names of the three members of the National Assembly.

The police also mentioned a policy for confiscation of criminal interests. Director Choi emphasized, “We will conduct a rigorous investigation without sanctuary, leaving our status and status under public service,” and emphasized, “We will be sure to recover unfair gains by applying for confiscation and preservation of land and property acquired through speculation using internal information.

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