Prosecutors Conduct Second Search of Woori Bank Headquarters Involved in 'Lime Scandal'

Following February, the Second Time... Hanwha Investment & Securities, Shinhan Investment Corp, KB Securities, and Others Already Raided

[Asia Economy Reporter Yoo Byung-don] The prosecution, investigating the 'Lime Asset Management (Lime) scandal' which caused damages worth 1.6 trillion won, has conducted another raid on Woori Bank.

The Criminal Division 6 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Kim Rak-hyun) sent prosecutors and investigators to Woori Bank's headquarters in Hoehyeon-dong, Jung-gu, Seoul from the morning of the 4th to secure materials related to Lime.

Recently, the prosecution raided Korea Investment & Securities, Shinhan Financial Investment, KB Securities, the sales companies of Lime funds, to collect materials related to the incomplete sales of funds, which is the main issue of the Lime case.

Woori Bank was also one of the Lime fund sales companies and had already been raided once in February regarding this matter.

However, the prosecution did not disclose whether this raid was related to fund sales as in previous cases. There is also a possibility that the raid is connected to the 'solicitation allegations' exposed by former Star Mobility Chairman Kim Bong-hyun.

In a statement released from prison last month, former Chairman Kim claimed, "I lobbied the president and vice president of Woori Bank to resume fund sales."