Three 'cooperative-type private rental housing fraud' sent to custody

The Daegu Metropolitan Police Agency arrested and sent three people, including the CEO of the developer, on charges of intercepting investments from members, saying they would run a cooperative-type private rental housing project.

They received 14 billion won in investment from 200 members, saying they could buy apartments for relatively little money, but they did not actually have the ability or intention to do business.

In particular, it was revealed that in the process, the union funds were used in the name of sample housing construction costs or sales agency fees, executed at a high amount of about 1.8 billion won, and the difference was returned.