we will discuss the recent Deutsche Motors stock manipulation case and the intriguing story behind the 'BP Family.' This case has caused significant ripples in the Korean economy and political sphere, and the connections between the individuals involved are quite complex. Particularly, as the ties to Kim Geon-hee have come to light, the case is garnering even more attention. In this blog, we will explore the key figures in this case and how they are interconnected.
Background of the Case
Deutsche Motors is a domestic automobile manufacturer that has recently been embroiled in a stock manipulation scandal. At the center of this case is an individual named Kim, who has been identified as the second main instigator. Kim stated in court that Kwon Oh-soo, former chairman, and Lee Jong-ho are core members of the 'BP Family' and that Kim Geon-hee is also one of them. This statement has drawn increased attention as it is not just mere gossip but has been documented in the court ruling.
Identity of the BP Family
The name 'BP Family' is believed to be an abbreviation for Black Pearl Investments, with Kwon Oh-soo, Lee Jong-ho, and Kim as its main figures. The connection of Kim Geon-hee to this group has raised suspicions regarding her involvement in the stock manipulation case. Kim highlighted that Kim Geon-hee was among the owners of accounts tied to the manipulation, emphasizing the interconnectedness of their actions.
Kim Geon-hee has maintained a close relationship with these individuals throughout the expansion of Deutsche Motors’ business, receiving support for exhibitions she operated. Notably, in 2012 and 2015, as well as in 2019, several meetings occurred between her and the other members, with special emphasis on a meeting shortly after Yoon Suk-yeol was appointed as the prosecutor general.
Seriousness of the Case
This case is not just about stock manipulation; it extends to significant political ramifications. The existence of the 'BP Family' underscores how systematic and deliberate the Deutsche Motors stock manipulation was. With Kim Geon-hee being deeply implicated, public interest is further ignited.
Kim stated during the investigation, "There could be a situation where only Kim Geon-hee is absent and we are the only ones left running." This implies that she has been identified as a significant player in the case, leading to numerous allegations against her. Such statements have been recognized as credible evidence in court.
The Deutsche Motors stock manipulation case reveals complex relationships among political ties and individuals beyond just financial crimes. The connection between the 'BP Family' and Kim Geon-hee is likely to attract continued attention. We should monitor how this case unfolds and whether the truth will eventually be revealed.
3-Sentence Summary for You
- The 'BP Family' has been identified as key figures in the Deutsche Motors stock manipulation case.
- Kim Geon-hee is closely related to this group, raising suspicions about her involvement in the case.
- This incident goes beyond mere stock manipulation, affecting political circles and drawing significant public attention.
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