Defendants in major stock manipulation case challenge evidence selection legality
Defendants accused of large-scale stock manipulation have filed an appeal with the court, arguing that evidence selection during the investigation was illegal. They claim the Financial Supervisory Service (FSS), lacking compulsory investigation powers, was involved in evidence screening, which they deem a violation of the Capital Markets Act. This case, the first under the 'Stock Manipulation Ruin' initiative, highlights potential issues with the Financial Services Commission's (FSC) investigative resources and the FSS's authority, prompting discussions on granting the FSS compulsory investigation powers.