Former Chairman Sohn Tae-seung of Woori Financial Group will be arrested...a decision as early as today

Alleged involvement in illegal loans worth KRW 40 billion to relatives

Prosecutors said, "Former Chairman Sohn is likely to be ordered and silenced."[∀}Former Chairman Sohn denied all charges in prosecution's summons investigation.

[Anchor]
Sohn Tae-seung, former chairman of Woori Financial Group, who is suspected of unfairly lending about 40 billion won to his relatives and others, is at a crossroads.

Arrest is expected to be decided as early as tonight or early tomorrow morning.

Reporter Lim Ye-jin reports.

[Reporter]
Sohn Tae-seung, former chairman of Woori Financial Group, who is under investigation for intervening in unfair loans by relatives, entered the court with his face covered with a mask.

He declined to comment when asked by reporters.

[Son Tae-seung / Former Chairman of Woori Financial Group: (Did Chairman Lim Jong-ryong know about the unfair loan?)]." (Please tell us what you're going to explain today.)Former chairman

Son is suspected of being deeply involved in Woori Bank's illegal lending of more than 40 billion won to a corporation related to his relatives from April 2020 to January this year.

The prosecution believes that the loan is likely to have been made under former chairman Sohn's direction or acquiescence.

However, former chairman Sohn denied all charges in the previous two summonses, saying he had nothing to do with illegal loans.

So far, a total of three people have been handed over to trial in connection with the case, including former chairman Sohn's brother-in-law and former head of Woori Bank's headquarters.

In the meantime, the prosecution's investigation network is expanding beyond former chairman Son to Woori Bank President Cho Byung-kyu or Chairman Lim Jong-ryong.

The prosecution suspects that the current management overlooked the unfair loan process without immediately reporting it to the financial authorities.

The prosecution, which recently turned bank president Cho into a suspect, is tightening the reins of the investigation by seizing and searching Woori Bank's headquarters in Jung-gu, Seoul.

I'm YTN's Lim Yejin.