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Bloomingbit Newsroom
Summary
- Former lawmaker Kim Nam-guk was acquitted in the first trial of allegations that he hid ownership of virtual assets worth 9.9 billion won.
- Prosecutors alleged that former lawmaker Kim made significant profits from coin investments in 2021 and 2022 and attempted to hide them, leading to his indictment.
- The court acquitted former lawmaker Kim of charges of obstructing official duties by deceit.
Former Democratic Party lawmaker Kim Nam-guk, who was accused of hiding the fact that he owned virtual assets (cryptocurrency) worth 9.9 billion won during his time as a member of the National Assembly, was acquitted in the first trial.
According to industry sources on the 10th, Judge Jeong Woo-yong of the Seoul Southern District Court's Criminal Division 9 acquitted former lawmaker Kim of charges of obstructing official duties by deceit.
Previously, prosecutors had indicted former lawmaker Kim, alleging that he made false property declarations to hide his deposits, which amounted to 9.9 billion won due to significant profits from coin investments in 2021 and 2022.
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