Prosecution raids Korea's DP headquarters over illegal political funds probe

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Prosecution raids Korea's DP headquarters over illegal political funds probe

Published: 24 Oct. 2022, 10:43

Vehicles of the prosecution are parked in front of the headquarters of the main opposition Democratic Party in western Seoul on Oct. 24. [NEWS1]

Prosecutors on Monday raided the headquarters of the main opposition Democratic Party (DP) as part of an investigation into bribery allegations involving a close confidant of party leader Lee Jae-myung.

The Seoul Central Prosecutors' Office is probing Kim Yong, deputy head of the DP-affiliated Institute for Democracy think tank, on suspicion of receiving a total of 847 million won ($591,000) from property developers in the city of Seongnam, Gyeonggi, in violation of the political fund law.

Amid intense resistance and protest by party officials and lawmakers, prosecutors searched Kim's office in the DP headquarters to seize relevant documents.

Kim, who was arrested over the weekend, is under suspicion of taking the funds between April and August last year ahead of the party's primary election to pick the candidate to run for this year's presidential election.

Prosecutors suspect the money was used to help fund Lee's campaign as Kim served as a senior aide in charge of fundraising on the primary election campaign for Lee at the time.

Lee won the party's presidential nomination but was defeated by a narrow margin by President Yoon Suk-yeol in the March election.

The real estate developers in question are key suspects in a corruption case involving a lucrative housing development project in Seongnam's Daejang-dong area that is currently under a prosecution probe. Lee was Seongnam mayor when the project was launched in 2015.

After the prosecution's first attempt to raid the DP headquarters last week, Lee strongly denounced the investigation and claimed he is innocent.

Prosecutors are expected to expand the investigation to determine whether any illegal political funds were used in Lee's 2014 run for the Seongnam mayoralty or any other elections.

Yonhap