Police Launch Investigation into Securities Firm for Leaking Financial Warrant Information
The Seoul Metropolitan Police Agency has initiated a forced investigation into a former branch manager of Hana Securities, who is suspected of leaking information regarding a financial warrant issued for tracking bank accounts related to a criminal investigation. On May 21, the Financial Crimes Investigation Unit of the police conducted a search and seizure operation at Hana Securities' A branch, targeting the individual accused of sharing sensitive investigation details, including the issuance of the financial warrant, in violation of the Capital Markets Act.
The investigation began as police sought to secure transaction records from the accounts of former executive B of Intellian Technologies, a satellite communication antenna manufacturer. Hana Securities had provided the relevant financial transaction information to the authorities. It is believed that the former branch manager informed B about the issuance of the warrant. B and others are suspected of profiting significantly from stock purchases after learning about a contract between Intellian Technologies and a major U.S. tech company in 2021.
Additionally, the current branch manager of A branch is also under investigation for allegedly leaking information to B. Last month, police executed search warrants at Hana Securities' headquarters, the A branch, and the residence of the current branch manager, suspecting that B may have destroyed evidence after receiving prior information about the investigation.
A representative from Hana Securities stated, "We will take appropriate measures regarding the former and current branch managers once the investigation results are available."
