Former Seoul Council Member Referred to Prosecutors Over Alleged Loan Fraud

Society|
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By Cho Soo-yeon
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News1 - Seoul Economic Daily Society News from South Korea
News1

A former Seoul Metropolitan Council member and television personality has been referred to prosecutors on suspicion of borrowing hundreds of millions of won from local residents and failing to repay the funds.

According to police on Tuesday, the Seoul Seodaemun Police Station referred the former council member, identified only by the surname Moon, to the Seoul Western District Prosecutors' Office on fraud charges last Friday without detention.

Moon is suspected of borrowing several hundred million won from residents and merchants in Seoul's Seodaemun district since last year before disappearing without repaying the money.

Police investigations found that the total damages did not exceed 500 million won, meaning the Act on the Aggravated Punishment of Specific Economic Crimes was not applied.

Moon previously worked as a television personality and served as a Seoul Metropolitan Council member from 2014 to 2018. Police booked Moon on fraud charges in March and have been conducting an investigation since.

Original reporting by Cho Soo-yeon for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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