Rock Singer A Accused of Pension Development Fraud in Gyeonggi Province
Nov 11, 2024
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A media outlet reported on the 11th that M, a sales agency, filed a complaint against two people, including A, at the Guri Police Station in Gyeonggi Province in June on charges of violating (fraud) the law on specific economic punishment laws.
Company M said in October 2021 that it intends to build a pension resort by purchasing 38,000 square meters in Ongjin-gun, Incheon, and that if it invests, it will return the principal within 50 days and pay the proceeds after receiving a land mortgage loan, and claimed that it lent 500 million won to B, a real estate developer co-represented by A and others, but has yet to receive it back.
In addition, Company M reportedly confirmed that A and others used the investment for personal debt repayment and told the police that the contract for the planned pension resort was canceled because the balance was not fulfilled.
However, Company B explained that it tried to purchase land by paying off the debt with the investment and taking out a loan, but the loan was not executed as expected because the value of the land collateral was lower than expected, and that the investment was also explained to Company M.
Mr. A also reportedly refuted that he received corporate investment together as a joint business operator, not a fraud, and that the project is still in progress.
The police believe that the arguments of the two sides are mixed and are investigating the exact facts.
Mr. A was a famous rock singer and has turned into a trot singer.
silk781220@sportschosun.com
