Police Conduct Search and Seizure at Busan National Tax Service Over Executive Bribery Allegations

The police have launched a search and seizure operation at the Busan Regional Tax Office in connection with bribery allegations against an affiliated executive.

According to the police on the 30th, the Anti-Corruption and Public Crime Investigation Unit of the Seoul Metropolitan Police Agency has been conducting a search and seizure at the Busan Regional Tax Office since the morning in relation to bribery allegations against executive A.

Executive A is a current official who has been working at the Busan Regional Tax Office since 2020. It is known that he participated in a paid-in capital increase based on interests with a small and medium-sized enterprise in the steel sector. At that time, he reportedly received preferential loans of over 200 million won without collateral from another company and earned several hundred million won in profits.