The prosecution is reportedly investigating the Seoul Regional Tax Service, conducting a search and seizure at the end of last month. It is said that the prosecution carried out the search to secure relevant materials while investigating the tax evasion allegations against the representative of a coin company who was arrested and indicted on charges of market manipulation.
According to the legal community on the 8th, the joint investigation team on virtual asset crimes at the Seoul Southern District Prosecutors' Office, led by Director General Park Geon-wook, reportedly conducted a search and seizure at the Seoul Regional Tax Service's Investigation Division 3 at the end of last month.
The prosecution detected signs of tax evasion while looking into the funds flow of Mr. Lee, the representative of the coin company, who was arrested and indicted on charges of market manipulation in January.
Mr. Lee underwent an investigation by the Seoul Regional Tax Service in 2023 regarding the sources of funds from 2017 to 2022, and it is reported that the prosecution believes the taxes imposed as a result of this investigation are excessively low.