Police are trying to determine whether any transactions under borrowed names were carried out as they investigate land speculation allegations at the state-run Korea Land and Housing Corporation(LH).

According to the National Investigation Headquarters under the National Police Agency, investigators are following the money trail by analyzing materials seized during raids on LH headquarters and the homes of the 13 LH employees at the center of the scandal. 

Police believe LH employees or employees of municipal governments may have engaged in speculative buying using accounts under borrowed names.

A police official said investigating the possibility of transactions under borrowed names is often done in cases such as the latest LH scandal.

The police expect to accelerate verification of accounts under borrowed names as they coordinate the investigation with the National Tax Service(NTS) and the Finance Services Commission(FSC).