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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] In connection with allegations of improper loans involving Son Tae-seung, the former chairman of Woori Financial Group, his brother-in-law has been indicted.
The Seoul Southern District Prosecutors' Office announced today (the 24th) that Kim, who is facing charges of embezzlement and forgery of private documents under the Act on the Aggravated Punishment of Specific Economic Crimes, has been detained and indicted.
Kim is accused of misappropriating funds from a company registered in his wife's name and forging real estate contracts purchased through the company to inflate the acquisition price, subsequently using this to obtain excessive loans from Woori Bank. He was arrested on July 7.
Prosecutors are investigating the circumstances surrounding the large-scale loans and are looking into whether Son and other executives at the time directed or were aware of these loans.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
