Suspicion of Proxy Stock Trading: Representative Lee Chun-seok and His Aide Acknowledge Some Allegations

It has been revealed that independent Representative Lee Chun-seok, who is under suspicion of proxy stock trading, and his aide, Mr. Cha, acknowledged some of the allegations during the police investigation.

According to the investigative authorities on the 16th, Representative Lee appeared at the Seoul Metropolitan Police Agency's Financial Crime Investigation Unit on the 14th as a suspect and underwent interrogation for over seven hours.

It is reported that Lee made statements acknowledging the suspicion of proxy stock trading. Mr. Cha, who was previously investigated, is also understood to have made similar statements.

Statements Acknowledging Proxy Stock Trading Allegations

During a controversy that arose when Representative Lee was caught trading stocks in Mr. Cha's name on the 4th at the National Assembly, he vehemently denied any proxy trading activities, stating, "I have never opened a stock account in someone else's name for proxy trading."

However, it appears that he changed his stance during the police investigation and acknowledged some of the allegations.

It is known that Representative Lee denied allegations that he used undisclosed information obtained through his work at the National Policy Planning Committee for stock transactions.

While acknowledging proxy stock trading, he drew a line regarding the suspicion of illegal trading using insider information.

The police plan to analyze their stock trading records and data obtained from seized PCs to verify the truth of their statements.

Image source: Independent Representative Lee Chun-seok / News1