Prosecutors Arrest Warrant For Former Executives And Employees Of Korea Asset Trust 'Attempted Inheritance'

An arrest warrant has been filed for former executives and employees of Korea Asset Trust on charges of collecting large amounts of back money from a sales agency.

The Seoul Central District Prosecutors' Office said yesterday (18th) that it has requested arrest warrants for three people, including Mr. Baek, former executive director of Korea Asset Trust, on charges of being injured under the Specific Economic Crimes Aggravated Punishment Act.

They are accused of receiving as little as tens of millions of won to as much as hundreds of millions of won in exchange for giving work to a distribution agency over the past three years from 2020.

Earlier, the Financial Supervisory Service asked the prosecution to investigate in May, saying it confirmed that former and current employees of Korea Asset Trust received high illegal interest after lending 2.5 billion won in land purchase funds to the developer through their own private corporation.