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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] The Financial Supervisory Service has decided to conduct an on-site inspection of Woori Bank, where an embezzlement incident amounting to 100 billion won occurred, starting from the 12th. This decision to conduct an urgent inspection comes just two days after the news of the incident came to light.
According to a Financial Supervisory Service official, they stated on the 11th, "We have assessed the situation up to today and decided to start the inspection tomorrow."
As per the banking industry sources, an employee, Mr. A, at a Woori Bank branch has been embezzling loan funds by forging loan application forms and deposit-related documents since earlier this year. He then invested the embezzled funds in overseas futures trading and other investments. Woori Bank detected suspicious signs during the loan process through monitoring, and when Mr. A was asked to explain, he turned himself in to the police.
It is reported that Mr. A manipulated documents related to short-term corporate loans. It is analyzed that he took advantage of the relatively weak monitoring during the short-term loan process.
The police have determined that Mr. A invested the embezzled money in virtual currencies and overseas futures trading, resulting in an estimated loss of around 4 billion won.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
