Law enforcement raid land ministry above alleged LH home speculation : The DONG-A ILBO

Police raided the Ministry of Land, Infrastructure and Transportation on Wednesday amid ongoing investigation into alleged land speculation by former and recent workforce of the Korea Land and Housing Company (LH). This is the second law enforcement raid of LH over the property speculation scandal.

Gyeonggi Nambu Police Agency claimed on Wednesday that 33 investigators concurrently raided 6 sites, together with the ministry headquarters in Sejong, the LH headquarters in Jinju, and a Nonghyup department in Siheung from 10 a.m. on Wednesday.

The most current raid was focused on how information and facts about the government’s 3rd new city task was leaked and how LH officers suspected of residence speculation obtained the money for land buys. This is why police is intensively wanting into the public housing progress division and the land & housing business of the ministry.

In certain, the public housing improvement division, which is responsible for the choice of places for new town, such as Gwangmyeong and Siheung, is really likely to have been included in the information and facts leak. The land & housing business office has turn out to be matter of raid considering the fact that it is in demand of setting up public housing policies and offer programs.

The govt joint investigation group reported on Wednesday that it is presently conducting an interior investigation or investigating 37 situations and 198 persons in whole about alleged home speculation as of 9 a.m. A overall of 182 studies were being gained at the police report middle operated by the joint investigation crew.

Ki-Beom Kwon [email protected]