(사진=연합뉴스)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Prosecutors investigating the so-called "5 billion club" allegations have launched a forced investigation into Hoban Construction and Bookook Securities, accusing former lawmaker Kwak Sang-do and his son of concealing criminal profits.

According to legal circles on the 12th, the Anti-Corruption Investigation Department 3 (Chief Prosecutor Kang Baek-shin) at the Seoul Central District Prosecutors' Office has sent prosecutors and investigators to Hoban Construction, Bookook Securities and the offices of officials to secure data related to the Daejang-dong development project.

Hoban Construction and Bookook Securities formed a consortium with the state-run Korea Development Bank to participate in the public offering of private businesses at the time of the development project in Daejang-dong. The raid is said to be aimed at securing data related to the consortium.

Prosecutors have been conducting reinforcement investigations while appealing the first trial not guilty verdict on the suspicion of former Congressman Kwak's 'bribe of 5 billion won in his son's retirement money'.

 

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