野 Kim Sang-hee, allegations of preferential repurchase right before the Lime incident…Rep. Kim refutes “It was a normal repurchase”
It is known that the multi-term member of the National Assembly, who received the return of 200 million won in investment right before the large-scale suspension of redemption of the’Lime안전놀이터 Fund’ in 2019, is Kim Sang-hee (4th term) of the Democratic Party of Korea, who served as the vice-chairman of the National Assembly.
According to the results of the ‘ Task Force for Major Investor Damage Managers’ announced by the Financial Supervisory Service on the 24th, several members of the National Assembly invested in Lime Funds, but Lime Asset Management declared suspension of redemption (October 2019). 1-2 months ago, I got my 200 million won back. It is known that the multi-term member of the National Assembly corresponding to this is Kim Sang-hee of the Democratic Party of Korea.
According to the FSS inspection results, in addition to Rep. Kim, Central Association A and listed company B also received preferential redemption. Lime used 12.5 billion won from other funds and 450 million won from the manager’s own funds to return the money to them. Central Association A received 20 billion won, and Company B received 5 billion won. A Central Association is known to be the National Agricultural Cooperative Federation. An official from the Financial Supervisory Service said, “The loss of fund investment by members of the National Assembly and certain companies was passed on to other fund investors.”
However, Rep. Kim issued a statement and refuted the results of the FSS inspection. Rep. Kim said, “I entrusted my assets to Mirae Asset Securities, a trading securities company, and suffered losses worth tens of thousands of won, but there was no preferential redemption.” , and I know that all customers, including me, have proceeded with redemption.” An official from Mirae Asset Securities said, “The fund (in which Rep. Kim invested) suffered a loss, so we recommended about 10 customers who joined the fund to stop loss (selling at a loss), and all customers went to the investment after some loss.” .
The National Agricultural Cooperative Federation also denied the allegation of preferential treatment. An official from the National Agricultural Cooperative Federation said, “In 2018, I put 20 billion won into the Lime Fund, but in September 2019, the yield exceeded -20 %, so I bought it back according to internal regulations.” “The money returned is about 15.7 billion won.”