Lawmaker with South Korean “Coin Gate” cleared all charges

The former South Korean legislator is known for the coin of the coins, Kim Nam-Gluk, was declared “not guilty” of all court charges.

According to a report From local media news1, Judge Seoul Southern District Court found Kim “is not guilty” of all charges at his first trial. Kim was accused of misrepresenting his property at the National Assembly in his attempt to hide a large earnings he gained with cryptocurrenci before the change of crypt’s law. This news was known to the public as a scandal “Coins”.

KIM’s position as South Korean Government official gave him insider information about the upcoming position Crypto Bill which would mandate citizens to report crypto funds as part of their wealth.

Prosecutors claimed that Kim sold his crypts shares and transferred Fiat to a bank account with a quantity that harmonized his total wealth in Kriptou. They were therefore accused of “obstructing officials from performing their duties” due to the unfair advantage given to him in terms of its reports of funds in 2021. and 2022. Years.

In light of charges, Justice Jeong Woo-Yong said there was no “evidence of crime” relating to Kima. The judge also explained that at that time the cried means “was not subject to proclaimed.” As a result, Kim was no obligatory to declare his farms.

Although the judge admitted that some details he gave him about his crypts “insufficiently or inaccurate,” he was difficult to rule such incorrects as an obstruction of officials performing his duties in the eyes of the Ethics Commission.

“Given the circumstances that evidence investigated, it is insufficient to see it as an obstruction of official duties of hierarchy,” Jeong said.

In December 2024. Prosecutors brought Kim to court, hoping that Jail of six months allegedly interfere with the duties of the National Assembly Committee of the Assembly.

According to the report, as reported, claimed that his total assets were worth about 1.2 billion profits ($ 825,526). The prosecution claimed that Kim’s cried for crypto in fact 9.9 billion wins more than $ 6.8 million at the time of the Declaration Declaration Process 2021. Years.