President Moon Orders Investigation of State Agencies Involved In Investment Fraud

Another week and yet another case of Blue House corruption:

President Moon Jae-in on Friday ordered the ministries to investigate their affiliated agencies’ decision making that led many of them to make dubious investments in a private equity fund suspected of large-scale fraud.    

“Moon ordered the government ministries to conduct thorough investigations into the state-run institutions’ investments [in the Optimus Asset Management], separately from the ongoing probe by the prosecution,” said Kang Min-seok, spokesman of the Blue House.    

Moon gave the order following media reports on state-run institutions, including the Korea Communications Agency, making massive investments in Optimus products.    (……….)

It’s the second time Moon commented on the Optimus scandal. After media reports detailed a link between a former presidential aide and the Optimus scandal, suspicions emerged that the company had lobbied top politicians and officials to avoid an investigation. Moon responded Wednesday that the Blue House must cooperate with the prosecution’s investigation.    
   
Reports were also made that Interior Minister Chin Young was an investor at Optimus. According to the Ministry of Interior and Safety, Chin, his wife and son invested a total of 500 million won in Optimus funds in February. 

Joong Ang Ilbo

You can read more at the link, but you would think with all the fraud and corruption going on people would be protesting for impeachment like what happened with former President Park Geun-hye.

Oh, that’s right the people can’t protest because they will be arrested.