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Lee to appear at 2nd parliamentary audit amid snowballing corruption scandal

All News 09:30 October 20, 2021

By Lee Haye-ah

SEOUL, Oct. 20 (Yonhap) -- Gyeonggi Gov. Lee Jae-myung, the presidential nominee of the ruling Democratic Party (DP), was set to appear at a parliamentary audit Wednesday, the second time this week he will be asked about his possible involvement in a massive development corruption scandal.

Lee is scheduled to attend an audit of the Gyeonggi provincial government by the National Assembly's Land, Infrastructure and Transport Committee at 10 a.m. The session is likely to be one of his last official duties as governor before he resigns to focus on the presidential election slated for March 9.

This pool photo shows Gyeonggi Gov. Lee Jae-myung during an audit of his government by the National Assembly's Public Administration and Security Committee at the Gyeonggi provincial government office in Suwon, south of Seoul, on Oct. 18, 2021. (Yonhap)

Wednesday's audit comes only two days after Lee fielded a barrage of questions about the Seongnam land development project at a separate audit of his government by the National Assembly's Public Administration and Security Committee.

The DP praised Lee's performance, claiming he delivered a convincing argument proving his innocence.

The main opposition People Power Party (PPP), which had vowed to use the audits to expose Lee's alleged corruption, was dealt a major embarrassment after one of its lawmakers used a dubious photo of cash bundles to accuse the governor of taking bribes from gangsters.

The corruption scandal centers on revelations that a little-known asset management company reaped profits worth 1,000 times its investment in an apartment development project in Seongnam's Daejang-dong district in 2015.

The opposition has accused Lee, who was the city's mayor at the time, of breach of duty for not including a clause that would limit a private investor's profits from the public-private partnership project.

Suspicions also persist that Lee took a share of the enormous profit.

Lee has rejected the allegations and distanced himself from a key suspect, Yoo Dong-gyu, who served as acting president of Seongnam Development Corp. in charge of the city-run project.

Yoo is considered a close aide to the governor and was arrested early this month on charges of breach of trust and bribe-taking.


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