Former Black Pearl Investment CEO Appears for Second Round of Investigation

14 hours ago
Former Black Pearl Investment CEO Appears for Second Round of Investigation

Lee Jong-ho (이종호), the former CEO of Black Pearl Investment, arrived at the KT West building in Gwanghwamun, Seoul, on July 23 for a second round of questioning by the special investigation team led by Min Jung-ki (민중기). This follows his initial appearance on July 21, where he faced allegations of soliciting reduced sentencing for a co-conspirator in the Deutsche Motors stock manipulation case.

Upon his arrival at 10 AM, Lee did not respond to reporters' questions regarding whether he would refuse to testify again or if he acknowledged his involvement in the stock manipulation linked to Samboo Construction (삼부토건).

The investigation has seen some scheduling conflicts, as Lee previously limited his first session to just until 5:30 PM due to other commitments, leading to a disruption. The special investigation team requested that he return the following day for further questioning, but Lee's legal team cited their lawyer's vacation as a reason for not complying. Ultimately, Lee attended the second session without his lawyer.

The special investigation team suspects that Lee received 83.9 million won in bribes from Lee Jeong-pil (이정필), a key figure in the Deutsche Motors case, in exchange for efforts to influence the court's sentencing and to obstruct police investigations, with a total of 25 requests made for such favors.

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