Prosecutors Re-Request for Arrest Warrant, including Koo Young-bae, CEO of Q10 in 'Timpe Incident'

The prosecution, which is investigating Timon and Wemakeff's "unsettled sales proceeds," will again try to secure the whereabouts of officials, including Koo Young-bae, head of Quten Group.

The Seoul Central District Prosecutors' Office yesterday (13th) re-applied arrest warrants for Gu, Ryu Kwang-jin, Timon, and Ryu Hwa-hyun, Wemakeff, on charges of fraud, embezzlement, and breach of trust.

The prosecution explained that it requested an arrest warrant again, taking into account the seriousness of the issue, the possibility of destroying evidence, and concerns about fleeing.The representatives of

district are accused of stealing KRW 1.595 trillion in sales from affiliates such as Timon and Wemakeff to settle the accounts to the stores, and betraying KRW 72 billion in Timmeff funds to give all the affiliates work.

He is also accused of embezzling KRW 79.9 billion in funds from Timef and Interpark Commerce for the acquisition of U.S. e-commerce companies.

Earlier, the prosecution also requested an arrest warrant for representative Koo and others last month, but the court rejected the warrant, saying it is difficult to conclude that they are likely to run away or eliminate evidence.