As the prosecution reportedly searched MBK Partners on the 24th, a representative from MBK stated, "Today's prosecution investigation is to collect materials related to the allegations of fraudulent trading during Korea Zinc's capital increase attempt yesterday (23rd)."
On that day, the Financial and Securities Crime Joint Unit of the Southern District Prosecutors' Office in Seoul (Director General Ahn Chang-Ju) conducted searches at a total of 12 locations, including the MBK headquarters in Jongno-gu, Seoul, and the residences of executives.
Earlier, on the previous day, searches were conducted at the residence of Korea Zinc executives and at the underwriting firms Mirae Asset Securities and KB Securities for the capital increase. The prosecution is investigating whether there were any violations of the Capital Markets Act during the 25 billion won capital increase attempt made by Chairman Choi Yoon-Beom of Korea Zinc last year. There are allegations that Chairman Choi's side planned the capital increase before the public offering of its own shares was completed and did not properly disclose this.
A representative from MBK noted, "Both MBK and Korea Zinc are reference subjects for the public offering transaction involving Korean Corporate Investment Holdings (a special purpose company established by MBK to acquire Korea Zinc)," and added, "There were no investigations or prosecutions regarding the residences of MBK executives."