Ex-Chairman Choi Soon-young’s cash and art confiscated by the city of Seoul▶ Click here for a larger view
It has been confirmed that the wife and two children of former Shin Dong-A Group Chairman Choi Soon-young filed a lawsuit against former Chairman Choi to confirm the ownership of the confiscated art.
According to the Seoul Metropolitan Government on the 4th, Lee Hyung-ja, the wife of former Chairman Choi, and his two children filed a lawsuit against the former Chairman Choi in April of this year to verify ownership.
They claim that the artworks that the Seoul Metropolitan Government confiscated from Choi’s home on March 3rd are not owned jointly with Choi, but are wholly owned by them.
At the time, the city of Seoul seized 26.87 million won in cash and 20 pieces of personal property, including artworks, through a house search of former Chairman Choi. At the time, Choi’s tax arrears amounted to 3.89 billion won.
In this case, if the former Chairman Choi loses because he did not take any action, the city of Seoul must return the confiscated art to his family. This is because the confiscated artwork belongs to the family, not the former chairman Choi, who is the party to the delinquency.
Accordingly, the city of Seoul decided to participate in the lawsuit to collect tax arrears, and submitted an application for assistance in the lawsuit to the court last month. A city official said, “We plan to prove in court that the confiscated art is jointly owned by Choi’s family.”
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