Seoul: Independent lawmaker Lee Chun-seok has admitted to some allegations of stock trading under a borrowed name during police questioning, sources said Friday. The four-term lawmaker acknowledged that he used his aide's name to trade stocks, which is a violation of the law requiring real-name financial transactions, during questioning Thursday, according to sources familiar with the matter.
According to Yonhap News Agency, Lee has come under investigation after being spotted trading stocks on a mobile phone registered under his aide's name inside the parliamentary plenary chamber earlier this month. This incident has led to increased scrutiny of his actions, especially given the setting in which the trading occurred.
In response to the controversy, Lee left the ruling Democratic Party shortly after the allegations surfaced. Initially, the lawmaker denied the allegations, claiming that he mistakenly used his aide's phone for the transactions. The investigation continues as authorities delve deeper into the extent of the lawmaker's actions.