Lee Jung-jae cleared of charges

Published on 2017/09/28 | Source

According to investigators, Lee Jung-jae and Lee Hye-kyeong allegedly caused harm to Dongyang Industries, but they were cleared of all charges.

In 2015, Dongyang Victims Council and the Speculation Capital Surveillance Center claimed that Dongyang Industries supported a company that belongs to Lee Jung-jae with 16 billion won in the process of constructing luxury villas in 2009.

Dongyang was the contractor and Seorim which belongs to Lee Jung-jae, was the developer. The Council stated that this financial support led to debt for Dongyang.

However, prosecution said that it is only natural for a contractor to provide a warranty for its developer in a construction environment.