Court Issues Arrest Warrant for Shinhan Bank Employee Over Alleged Illegal Loans

A Shinhan Bank employee accused of receiving money and valuables in exchange for granting improper loans has been arrested.

On the 11th, Judge Jeong Jae-wook, in charge of warrants at the Seoul Central District Court, issued an arrest warrant for Jin, a Shinhan Bank employee suspected of bribery under the Act on the Aggravated Punishment of Specific Economic Crimes. Judge Jeong explained the reason for the warrant issuance, citing concerns over evidence tampering and flight risk.

Earlier, the Anti-Corruption Investigation Division 3 of the Seoul Central District Prosecutors' Office (Chief Lee Seung-hak) had requested Jin's arrest warrant. The pre-arrest detention hearing for Jin was held on the same day.

On the 25th of last month, prosecutors conducted a search and seizure at a Shinhan Bank branch located in Yeouido, Yeongdeungpo-gu, Seoul, where Jin was employed. It is reported that prosecutors are investigating suspicions that Jin, who worked at the branch, assisted businessman A, a former banker, in obtaining illegal loans by using forged private documents.