Prosecutors have requested an arrest warrant for Kim Ki-yu, former chairman of Taekwang Group Management Council, who is accused of ordering his acquaintances to make unfair loans worth 15 billion won.
The Seoul Western District Prosecutors' Office yesterday (30th) requested an arrest warrant for former Chairman Kim on charges of breach of trust under the Specific Economic Crimes Weighted Punishment Act.
In August last year, Kim is accused of making loans worth 15 billion won without due examination at a savings bank affiliated with Taekwang Group at the request of A, the head of a real estate development company.
Mr. A, who asked former chairman Kim for a loan in June, and the CEO of a savings bank at the time of implementing it, have already been indicted and are on trial.
Former Chairman Kim is also being investigated by the prosecution on charges of conspiracy to raise slush funds by Lee Ho-jin, former chairman of Taekwang Group.
The interrogation of the suspect before the court's arrest will be held at 10:30 p.m. on the 4th at the Seoul Western District Court.
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