Three former executives and employees of Korea Asset Trust are arrested for 'receiving back money'

Former executives and employees of Korea Asset Trust, who are suspected of taking large amounts of back money from a sales agency, have been arrested.

The Seoul Central District Court issued an arrest warrant for three people, including a former executive director of Korea Asset Trust, on charges of flood under the Specific Economic Crimes Aggravated Punishment Act yesterday (21st).

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.

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

The prosecution recently raided about 10 places, including Baek's residence and office, and requested an arrest warrant for them on the 19th.