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Photo=KB Kookmin Bank |
[Alpha Biz= Paul Lee] KB Kookmin Bank has reported a financial fraud case involving approximately ₩2.2 billion (around $1.6 million) in improper loans, marking the bank’s second major incident of the year following a rental scam in February.
According to financial industry sources on Sunday, Kookmin Bank disclosed on its website on April 18 that a fraud case involving ₩2.19 billion had occurred between March and September 2023.
The bank stated that the misconduct was uncovered through its internal audit, which revealed that an employee had manipulated the credit ratings of certain companies to facilitate unauthorized loans.
"The employee involved has been placed on administrative leave, and we plan to file criminal charges," a Kookmin Bank official said.
Investigations are still ongoing to determine whether there were any financial transactions between the employee and the companies involved, and whether any of the funds can be recovered.
Earlier this year in February, Kookmin Bank suffered a similar-scale financial loss due to a rental scam in Sejong City, in which an external party fraudulently obtained loans using stolen identities.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
