The Seoul Southern District Prosecutors' Office today (22nd) requested an arrest warrant for Sohn Tae-seung, former chairman of Woori Financial Group, in connection with allegations of unfair loans by relatives.
Prosecutors are investigating whether former chairman Sohn was directly involved in Woori Bank's process of giving out tens of billions of won in unfair loans to corporations or private businesses related to former chairman Sohn's relatives from April 2020 to January this year.
In particular, the Financial Supervisory Service has identified additional illegal loans worth 7 billion to 8 billion won in addition to the 35 billion won loans uncovered by the Financial Supervisory Service, which is also checking whether they were made at the instruction of former chairman Sohn.
The prosecution summoned former chairman Sohn for two days yesterday and yesterday to conduct an intensive investigation.
In addition, the prosecution recently switched Cho to a suspect, believing that current management, including Woori Bank President Cho Byung-kyu, did not immediately report to financial authorities even though they were aware of the unfair loan process.Kim, the brother-in-law of former chairman
Son, and the former head of Woori Bank's headquarters, who is considered a key official in unfair loans, were arrested in September and October and are facing their first trial next month.
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