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Erica Kim’s Suspicious Selection of Documents

Posted November. 21, 2007 03:08,   


Erica Kim, the sister of Chris Kim who is facing a trial behind bars on a fraud charge involving the shares of BBK, has sent a 10kg box to Chris’s attorney containing records and documents concerning her brother’s fraud case. She reportedly selected the documents out of the 2-ton records stored at the warehouse of Optional Ventures Korea.

When the Financial Supervisory Service revoked the license of Optional Ventures Korea on March 8, 2002, a company employee called up Chris Kim who had already fled to the U.S., and informed him that the prosecution had frozen the company’s bank accounts.

Chris Kim then called the employee back and ordered him to send all documents and records related to him and his wife over to the United States.

The employee went straight to a warehouse run by a delivery service company in Gyeonggi Province. Chris Kim had stashed all the documents and the company safes there. He feared shareholders would storm into his company, learning about his fraud.

Another employee confirmed, “We shipped via air mail all the documents, records, and instruments to Kim in the U.S. We even mailed the company’s computers to him. Two 1-ton flatbed trucks were needed to carry them.”

According to the DA’s office, Erica Kim’s box did not contain the hard disks or computers that Chris Kim had received from his employees. Experts believe that Chris Kim must have feared that the authorities would restore the data on them.

They also suspect that Erica Kim must have selected from the huge stack the records and documents that were favorable to her brother, but harmful to Grand National Party candidate Lee Myung-bak.

When questioning former employees of Chris Kim, the DA’s office grilled them about why they had shipped the evidence to the U.S. The authorities suspect that Chris Kim must have believed it would be more beneficial to have them all in the U.S. than to burn them in Korea.