Former South Korean legalist, Sikka Gate Scandal, Kim is known for the name-Guk, has been declared ‘not guilty’ by the court.
according to a Report From the local media News 1, a Seoul Southern District Court judge found “guilty” of all allegations in his first trial. In his attempt to hide the huge benefits from cryptocurrency before the Crypto law changes, Kim was accused of incorrectly explaining his property in the National Assembly. This news was known to the public as the “Sikka Gate” scam.
Kim’s status as an official of a South Korean government informed him about an upcoming crypto bill, which would make the citizens mandatory to report Crypto Fund as part of their money.
The prosecutors alleged that Kim had sold his crypto holdings and transferred Fiat to a bank account with a sum of his total money in Crypto. Thus.
In the light of the allegations, Justice Jong Wu-Yong said that there was no evidence of crime related to Kim’s case “. The judge also stated that Crypto’s property was not “subject to announcements at that time.” As a result, Kim had no obligation to declare her crypto holdings.
However, the judge admitted that some of his details provided by Kim about his crypto holdings were “insufficient or wrong”, said that it was difficult to rule such inaccurate, because the officer’s morality committee’s morality committee was difficult to rule. There was a hindrance in performing.
“Given the circumstances recognized by the evidence investigated above, it is insufficient to see as a hindrance in official duties by the hierarchy,” Jong said.
In December 2024, the prosecutors brought Kim to court expecting Kim for six months to obstruct the duties of the National Assembly Ethics Board.
According to the report, Kim allegedly claimed that her total assets cost around 1.2 billion ($ 825,526). The prosecution alleged that Kim’s Crypto Holdings actually won a 9.9 billion or won the 2021 asset declaration process of over $ 6.8 million.
