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A fierce judicial workshop about 10 hours … Issue of arrest warrant
Moon accused of avoiding losses using undisclosed information
“Sell shares before the interruption” … Suspicion
Eun-moon Moon “Legal acquisition according to investor demands”
Moon Eun-sang, CEO of Sillagen, a bio company accused of trading stocks using undisclosed information, was arrested.
The court issued an order recognizing the necessity and appropriateness of the arrest.
This is journalist Kim Dae-gyeom.
[기자]Moon Eun-sang, representative of Shin-Ragen, received an arrest warrant for alleged violations of the Capital Markets Law and illegality.
[문은상 / 신라젠 대표(어제 오전) : (위법 소지 없었다고 해명하셨는데 입장 그대로세요?) 법원에서 말하겠습니다.]In the investigation of the arrest warrant carried out for 9 hours and 40 minutes, a fierce judicial battle was carried out, but an arrest warrant was eventually issued.
The judge decided that the need for arrest was recognized by the destruction of evidence and the fear of escape.
In August last year, Moon was accused of selling the company’s shares and avoiding losses before the clinical suspension of the immune-fighting drug ‘Pexabec’ was decided.
Shillagen’s share price, which once exceeded 130,000 won, collapsed like a bubble and almost 150,000 small shareholders lost money.
On the other hand, several employees, including Moon, have already sold a large part of their shares.
Suspicion as to whether the outcome was known and whether the foot had been removed or not widely spread.
[문은상 / 신라젠 대표(지난해 8월 4일 기자회견 당시) : 주식을 다 팔고 나가신 분 있습니다. (하지만) 남아 계신 분들은 그런 분 없습니다.]At that time, the prosecution began a forced investigation by seizing and searching the Sillagen headquarters.
However, there was no clear evidence, and the investigation team was dismantled due to the reorganization of the prosecutor’s office.
That is half a year. New suspicions arose.
It turned out that Moon had acquired the company’s stake through a shell company.
As a result, Moon, who had just 2% of the stake, was able to become a major shareholder without paying a penny.
In response, Moon explained that he had secured a stake at investors’ request and obtained it legally with the advice of a large law firm.
However, the prosecution determined that Moon had harmed the company and its shareholders.
[김경율 회계사 / 경제민주주의21 대표 : 페이퍼컴터니를 이용해서 아무런 실질적인 내용이 없는 자금을 한 바퀴, 두 바퀴 돌리면서 문은상 씨에게 무상으로 신주인수권을 부여했다는 말입니다. 그 과정에서 소액주주와 그리고 채권자에게 피해가 갔다는 것은 자명하고요.]Prosecutors are expected to rush while securing Moon’s recruits, while former Sillazen executives charged with the same charges have already been brought to trial.
This is YTN Kim Dae-gyeom.
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