Money Used For Building Construction of KDJPF

The Special Prosecution team (SP) learned that money for a building construction payment of the Kim Dae-Jung Peace Foundation was transferred from a hidden account of Kim Sung-Hwan having a balance over one billion won to an account of a construction company H, and the money of the company H flew back into the account of Kim Sung-Hwan.

Hence SP is investigating under what circumstances Kim Sung-Hwan committed money laundry and whether other core personnel of the ruling side are involved in the money laundry.

A related source of SP said, “it would take a little longer time to figure out the uses of money due to very complicated laundering process of the money in the hidden account. SP will submit the investigation documents about the money in the hidden account to the Public Prosecution.”

With regard to the leak of information about the investigation by high prosecution official in November last year, SP will decide whether to summon former Prosecutor General Shin Seung-Nam and Kwangju High Prosecutor General Kim Dae-Woong after completing the phone call records in detail.

Meanwhile, SP tentatively decided not to punish the 3 persons including former Pusan High Prosecutor General Lim Hui-Yoon in the chain of command for the investigation on the appeal relate to Lee Yong-Ho in May 2000.

Wi-Yong Jung viyonz@donga.com · myzodan@donga.com