In the photo, the main branch of Woori Bank, which is currently being searched and seized by prosecutors investigating suspicions of improper loans to relatives of former Woori Financial Group Chairman Son Tae-seung, is shown. The prosecution has launched a forced investigation into Son Tae-seung, who is suspected of improper loans to his relatives.
The Seoul Southern District Prosecutors’ Office Financial Investigation Division 1 (Director Kim Soo-hong) conducted search and seizures at a total of 9 locations including Son’s residence and 4 offices of former Woori Bank employees. This includes 5 residential sites.
Previously, the Financial Supervisory Service reported to the prosecution that Woori Bank, a subsidiary of Woori Financial Group, provided an improper loan of 350 billion won out of a total of 616 billion won granted to a corporation or individual business operator associated with Son Tae-seung’s relative between April 3, 2020, and January 16 this year.
The prosecution is planning to delve into how the large-scale loans were granted based on the data secured through the search and seizure, as well as whether the former management, including Son Tae-seung, directly instructed or were aware of the improper loans.