[Alpha Biz= Reporter Kim Jisun] NH Nonghyup Bank announced on October 9 that it identified suspicious transactions while conducting an internal audit on the appropriateness of real estate mortgage loans, prompting it to request an investigation.

The bank disclosed the incident in a public announcement, stating that it reported the findings to financial authorities and filed a criminal complaint against the borrower of the problematic real estate mortgage loan on charges of fraud.

The total amount involved in the incident is approximately ₩14 billion, with the suspicious activities dating back to April 2021 until recently. NH Nonghyup Bank noted that it is currently unable to estimate the potential losses.

According to the bank, the irregularities were identified during the audit process, particularly regarding unusual transactions between the seller and buyer of the property after the loan was executed, leading to subsequent actions taken by the bank.

A representative from NH Nonghyup Bank stated, "This matter is currently under investigation by the authorities," adding, "Given the collateral value of the real estate, we estimate that loan repayment will be possible."
 

 

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