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Court rejects arrest warrants for MBK executives over Homeplus case

The Seoul Central District Court on Jan. 14 rejected prosecutors’ arrest warrant requests for MBK Partners Chairman Michael Kim and three other executives over alleged fraud and capital markets law violations tied to the Homeplus case. The court said the alleged 피해 results were serious but the evidence submitted so far did not sufficiently support detention. It also cited limits of warrant hearings and said defence rights should be protected in a non-custodial investigation.

General News

Prosecutors seek arrest warrants for MBK chairman Kim Byung-joo and three others over Homeplus case

Prosecutors investigating the Homeplus case moved to secure custody of MBK Partners Chairman Kim Byung-joo and three executives, seeking arrest warrants on allegations including fraud under the Act on the Aggravated Punishment of Specific Economic Crimes and violations of the Capital Markets Act. Three also face charges of falsifying audit reports. MBK Partners denied all allegations and said it would contest the claims in court. A warrant review is expected early next week.