Kim Ki-yu, former chairman of Taekwang Group Management Council, who is suspected of conspiring to make unfair loans worth 15 billion won to acquaintances, is at a crossroads.
The Seoul Western District Court held an interrogation of a suspect before arresting Kim, who is suspected of breach of trust under the Specific Economic Crime Act this morning (4th).
Kim is accused of lending about 15 billion won from a savings bank affiliated with Taekwang Group in August last year at the request of A, the head of a real estate development company he knew.
Mr. A, who asked former chairman Kim to lend money, and the CEO of a savings bank at the time of implementing it, have already been indicted and are on trial.
Kim is also under prosecution investigation for mobilizing affiliates to raise billions of won in slush funds with Lee Ho-jin, former chairman of Taekwang Group.
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