12:06
South Korean police and executives of a cryptocurrency company are involved in a 249.6 billion won Money Laundering case, and prosecutors have filed charges without detention.
The Suwon District Prosecutor's Office in South Korea announced on Thursday that two senior police officers and five civilians have been charged with involvement in a Money Laundering network related to Crypto Assets, which involves the conversion of proceeds from voice phishing scams. The indictment was submitted without detention and includes charges of violating the Act on the Aggravated Punishment of Specific Crimes and the Act on the Control of Concealment of Criminal Proceeds.
The senior police officers who were indicted include the former police chief (Code A) and a former national police department official (Code B). The prosecution stated that the two received money and luxury goods from a manager of a crypto assets company in exchange for sensitive investigation information and business conveniences. The other five defendants include crypto assets company operator C and CEO D, who are charged with bribery and digital asset money laundering.

