Feb 19 • 09:15 UTC 🇰🇷 Korea Hankyoreh (KR)

[Exclusive] Lee Jong-ho to 'Secondary Underwriter' also said, 'I frequently communicate with Gun-hee'… Court finds 'appears to have a friendship'

Lee Jong-ho, former CEO managing Kim Gun-hee's Deutsche Motors stock account, reportedly told a 'secondary underwriter' that he frequently communicated with Gun-hee, raising concerns about legal improprieties.

Lee Jong-ho, a former representative of Black Pearl Investment, has been implicated in a case involving allegations of breach of lawyer's ethics due to his close ties to Kim Gun-hee, the wife of former President Yoon. In documents obtained by Hankyoreh, the first instance court observed that Lee claimed to maintain frequent communications with Kim, suggesting a significant level of personal connection. The court noted that such a relationship might have influenced his legal dealings, especially since he had asserted that he could secure favorable judicial outcomes for others through his ties with Kim and former President Yoon.

The court ruling also captured testimonies where Lee boasted about his relationships with high-profile figures, including Yoon and Kim, during discussions related to the ongoing manipulation of Deutsche Motors' stock prices. The accusations allege that Lee solicited money by promising leniency in legal proceedings, leveraging his connections with influential individuals. This has raised further questions about the integrity of judicial processes if such friendships were allowed to exert influence over legal outcomes.

In contrast, Lee Jong-ho denied having any significant connection or communication with Kim Gun-hee, even as evidence pointed towards the opposite. This includes the presence of Kim's contact information on his phone and the frequency of his communications, particularly in the context of the Deutsche Motors scandal. The complexity of this case highlights concerns about the intersection of personal relationships and the legal system in South Korea, underscoring the need for vigilance against potential corruption and undue influence within the judiciary.

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