Singer and actor Lim Chang Jung has found himself to be suspected of stock price manipulation, but has claimed to be a victim himself.

On JTBC's 'Newsroom' which aired on April 25 KST, there was a report on suspected stock price manipulation related to some stocks that recently plummeted.

According to 'Newsroom' while the situation in which certain forces have been manipulating the stock price for several years is being revealed one after another, there were famous celebrities among the investors who entrusted their money to them of which Lim Chang Jung was one.

According to the report, Lim Chang Jung decided to reinvest 3 billion won (about 2.24 million USD) of the stake in the entertainment agency he founded instead of selling it for 5 billion won. He put 1.5 billion won (about 3.74 million USD) in his own brokerage account and the remaining 1.5 billion won in his wife's account, and entrusted his wife's ID cards to make proxy investments. The 3 billion won invested by Lim Chang Jung became 5.8 billion won (about 4.3 million USD) in a month and a half.

Lim Chang Jung appeared on a broadcasting channel run by a group suspected of stock price manipulation, and suspicion of involvement was raised. However, he said that he was also a victim of great loss, and that he did not know this even though the group bought stocks worth 8.4 billion won (about 6.27 million USD) by investing 3 billion won on credit.

Regarding this, Lim Chang Jung team stated, "Since Lim Chang Jung conducted an interview on the air yesterday, we are discussing whether to reveal the official position at the company level."

Meanwhile, the Seoul Southern District Prosecutor's Office banned 10 operational forces from leaving the country, and the Financial Services Commission launched an intensive investigation into the stock price manipulators.