Law dismisses arrest warrant for Jo Woo-hyung, ‘suspicion of the real owner of Daejang-dong Cheonhwa-dong No. 6’

The arrest warrant for Jo Woo-hyung, who is suspected of being the actual owner of No. 6 of ‘Chunhwa Dongin’, an affiliate of Hwacheon Daeyu Asset Management (Hwacheon Daeyu), a private business operator, was dismissed by the prosecution, who is investigating the suspicion of the development of Daejang-dong.

On the 4th, Lee Min-soo, chief judge in charge of warrants at the Seoul Central District Court, interrogated the suspect before the arrest of Mr. The claim was dismissed.

Judge Lee said, “The charge of breach of trust under the Specific Economic Crimes Act is Lee Jae-myeong and Dong-gyu Yoo, who were listed as accomplices, have already been charged with crimes related to the same facts, and a separate criminal trial is underway. here Many of them are on trial without detention.”

At the same time, it seems that it will take a long time until the related trial is concluded in the future. In this case, where issues such as whether the suspect and those related to the crime were constituted, the specific contribution between the accomplices, and the calculation of the amount of damages, etc., there is a need for the suspect to be tried without detention for a faithful trial.”

also “Considering the progress of the trial of the related case and the current status of the evidence collected or to be collected regarding the crimes in this case, it is difficult to see that the need to arrest the suspect is recognized at this stage.” This presiding judge Explained.

On the 1st, the 3rd anti-corruption investigation division of the Seoul Central District Prosecutor’s Office (Chief Prosecutor Kang Baek-sin) requested an arrest warrant. According to the prosecution, in the course of the Daejang-dong development project in March and April 2015, Mr. Cho used official secrets such as information on the opening of the Seopangyo Tunnel to raise initial business funds. , accused of causing damages of 489.5 billion won to the Seongnam Urban Development Corporation.

This is the same as the criminal facts listed in the indictments of private developers in Daejang-dong, such as Kim Man-bae and Nam-wook.

In addition, Mr. Cho is also accused of concealing criminal proceeds by receiving 28.3 billion won in dividend profits from the account of Cheonhwa Dongin No. 6 from March 2019 to March 2021 while actually owning Cheonhwa Dongin No. .

The prosecution determined that Mr. Cho was the actual owner of Cheonhwa-dong Inn No. 6 based on the statements of private operators, but Mr. Cho is said to deny the facts.