As per recent updates, the police have also requested an arrest warrant for the chairman for fraudulent trading activities. Moreover, his home was also raided for two days in December 2025. This was done by the Financial Supervisory Service’s (FSS) Special Judicial Police for Capital Markets.
Reports from Korean media, as of April 21, 2026, stated that the financial crimes division of the Seoul Metropolitan Police has sought a warrant from the Seoul Southern District Prosecutors’ Office over allegations of fraudulent trading practices. The case has been under investigation for approximately one year and four months.
The police have clarified that they pursued an arrest warrant due to the gravity of the allegations, along with fears that evidence might be altered or eliminated. A lengthy investigation was also carried out before, approximately for a year and four months before the request for the investigation was submitted.
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