Lee Seung Gi's father-in-law, accused of manipulating listed company stock prices, paid 10 million yen and was released

The legal proceedings of singer and actor Lee Seung Gi, who was on trial for allegedly manipulating the stock prices of listed companies on the KOSDAQ (Korean stock market) and obtaining illegal profits worth billions of won (hundreds of millions of yen),
My father was released on bail (release with conditions such as a deposit) by the court. On the 24th, the 15th Criminal Division of the Seoul Southern District Court announced that he was released on bail for allegedly violating the Capital Markets Act.
The court accepted the request for bail for the arrested and indicted Mr. Lee and made a ruling on the 22nd of this month. The court granted bail to Mr. Lee on the condition that he pay a surety bond of 100 million won (approximately 10.6 million yen).
The money can be replaced by a bond with a bail bond insurance policy submitted by the spouse. In addition, ▲Submission of a pledge ▲Restrictions on place of residence ▲Advance declaration at the time of departure ▲No contact with related parties ▲Responsibility for appearing when summoned
In May of this year, the prosecution indicted 13 people, including Lee, on charges of violating the Capital Markets Act. According to the prosecution, they were involved in a scheme to "use cutting-edge technology"
They were investigated for spreading false information that they were "promoting new businesses" and inflating the stock prices of three KOSDAQ-listed companies, thereby making profits from market fluctuations.
Lee is suspected of being involved in market manipulation to boost the stock price of Quantapia, a renewable energy company.
The prosecution revealed that Lee and his accomplices had made illegal profits of around 5 billion won (approximately 500 million yen). In addition, Lee said that he helped Quantapia resume trading, which had been suspended, and
It was also revealed that money and goods were provided to Korean exchange officials through a broker, with the promise of receiving 1 billion won (approximately 100 million yen) as a success fee.
In addition, he used undisclosed information he obtained during the merger and acquisition process to purchase shares in accounts in his children's names, netting him approximately 100 million U.S. dollars.
He is also suspected of making a profit of about 10 million yen (approximately 10 million yen) from the market price difference. At the first hearing in June this year, Lee completely denied the allegations.