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Haru Invest Faces Rehabilitation Hearing; Hugo Lee Clears Air on Asset Distribution
Hugo Lee

Haru Invest Faces Rehabilitation Hearing; Hugo Lee Clears Air on Asset Distribution

Haru Invest CEO Hugo Lee has raised concerns over the company's corporate rehabilitation application, stating it doesn't represent all members' interests and doesn't benefit Haru Invest or the targeted entity. He plans to prioritize asset recovery from other management companies for member distribution.

Haru Invest Addresses Rehabilitation Procedures and Asset Recovery Concerns
Hugo Lee

Haru Invest Addresses Rehabilitation Procedures and Asset Recovery Concerns

On August 20, 2023, Hugo Lee, the CEO of Haru Invest, released an official statement addressing the concerns and questions raised by its members. Lee emphasized that Haru Invest is not evading accountability and remains committed to the efficient recovery of members' assets.

Haru Invest Addresses Rehabilitation Procedures and Asset Distribution Concerns
Hugo Lee

Haru Invest Addresses Rehabilitation Procedures and Asset Distribution Concerns

On Aug 6, Haru Invest clarified court rehabilitation procedures and asset distribution plans, following legal challenges and member concerns.

Haru Invest Continues Asset Recovery Efforts
Hugo Lee

Haru Invest Continues Asset Recovery Efforts

In an announcement on July 14, 2023, the company stated it is actively communicating with asset managing partners both domestically and internationally to recover assets under management. The firm is also considering the sale of company assets to minimize the loss of value.