In response to Seongnam City's claim that the balances of the accounts provisionally seized to recoup the Daejang-dong development private operators' criminal revenue were short of the preservation claim amounts, prosecutors said they "tracked not only all the accounts but also real estate purchased with funds withdrawn from those accounts and carried out preservation measures."
The Seoul Central District Prosecutors' Office issued its "position on Seongnam City's press release" on the 12th and stated accordingly that "for thorough recovery, prosecutors provisionally seized all accounts regardless of the balances." The office added, "It is natural that the amount one seeks to preserve and the value of the assets actually executed upon do not match when carrying out preservation measures (provisional seizure)."
The Seoul Central District Prosecutors' Office said, "Of a total of 18 preservation records, we immediately provided Seongnam City with four rulings that we had kept, contributing to the provisional seizure of a considerable amount of assets, as Seongnam City publicized," adding, "For the remaining 14 preservation records kept by the court, we immediately informed Seongnam City of the court numbers, and by returning the loaned records to the court, we provided Seongnam City the opportunity to swiftly carry out preservation measures."
It also said, "It is regrettable that Seongnam City claims it was therefore unable to access or copy them," adding, "The Seoul Central District Prosecutors' Office is actively cooperating so that assets corresponding to the damage claimed by Seongnam City can be preserved," and, "We express deep regret that claims that could cause unnecessary misunderstanding among the public are being repeated."
Seongnam City claimed that checks of the accounts provisionally seized from the Daejang-dong development private operators showed only balances far smaller than the preservation claim amounts. It also asked prosecutors to share the Daejang-dong group's list of real assets and fund flow data.
According to statements by third-party debtors (financial institutions) confirmed by Seongnam City, the balance of the provisionally seized accounts was 70,000 won for the "Hwacheon Daeyu account (claim amount 270 billion won)" for the Kim Man-bae side, and 30,000 won for "The Spring account (claim amount 100 billion won)." Seongnam City said that after directly reviewing the prosecution's investigation records, as of late Jul. 2022, 427.7 billion won, or 96.1% of the Daejang-dong group's estimated criminal revenue of 444.9 billion won, had already been spent, concealed, or taken out, and the remaining balance in the accounts was only 17.2 billion won (3.9%).