Sohn Tae-seung's Brother-in-law Suspected of Involvement
Accused of Obstructing Loan Review Process
The police have uncovered additional allegations of improper loans suspected to involve the brother-in-law of former Woori Financial Group Chairman Sohn Tae-seung and others.
The Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency referred Mr. Kim, the elder brother-in-law of former Chairman Sohn, and others to the Seoul Southern District Prosecutors' Office on June 18 on charges including violations of the Act on the Aggravated Punishment of Specific Economic Crimes.
According to the police, two corporations effectively owned by Mr. Kim used a commercial-residential building in Gwanak-gu, Seoul, as collateral and received a total of 4 loans from Woori Bank in 2021 and 2022, amounting to 4.7 billion won.
During this process, Mr. Kim is accused of submitting a 'fake contract' with an inflated sale price compared to the actual market value as part of the loan documents, thereby obstructing the loan review process.
These four loans were not initially included in the prosecution's indictment. However, while reviewing the indictment to close the case, the police identified the omission and launched an additional investigation in March, during which they uncovered the alleged offenses.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
