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Posted January. 18, 2002 09:43,   


Special Prosecutor Cha Jeong-Il requested the arrest warrant for Mr. Kim Young-Jun (42), owner of the Daeyang Mutual Trust Bank, for the charge of illegally seizing Interpion stocks, an affiliate business of Mr. Lee Hong-Ho.

The court will decide Mr. Kim`s arrest after reviewing the warrant on the 18th.

According to the Special Prosecution, Mr. Kim appropriated unlawfully the Interpion`s stocks valued at around 20.9 billion won in conspiracy with Mr. Lee in 1999 and bought SamaeIndus overseas convertible bonds for 3 million dollars in January last year and finally earned 15.4 billion won in marginal profit in two weeks by using unreleased information about the treasure ship project.

The Special Prosecution learned that the files in the two computers belonging to Mr. Kim were mostly deleted and requested computer experts for a thorough investigation of the disk.

The Special Prosecution is continuously grilling Shin Seung-Hwan, who is known to have admitted played some part in soliciting the prosecutors in connection to Mr. Lee`s case.

The Special Prosecution is investigating Mr. Shin about the contents and methods of the solicitation and process of the prosecutors` investigation.

Meanwhile, the Special Prosecution mailed investigation letters to 7 prosecutors out of 10 prosecutors who had met with Mr. Shin yesterday and plans to summon involved persons after closely reviewing the responses from the prosecutors.