The prosecution is conducting a search and seizure of KB Real Estate Trust and a Saemaul Geumgo on the 9th. This is to investigate allegations that company employees embezzled hundreds of millions of won during the trust contract process.
The Anti-Corruption Investigation Division 2 of the Seoul Central District Prosecutors' Office (Director General Choi Jae-hoon) stated that it has been searching 11 locations since the morning, including the headquarters of KB Real Estate Trust in Yeoksam-dong, Seoul, a local Saemaul Geumgo, and related businesses, in connection with allegations of illegal bribery involving employees of KB Real Estate Trust.
The prosecution is reported to be investigating allegations that employees of KB Real Estate Trust embezzled hundreds of millions of won in relation to trust contracts and facilitated private loans for companies in need of financing. Additionally, it is investigating allegations that employees of the local Saemaul Geumgo accepted bribes in exchange for facilitating loans for those companies.
The prosecution is investigating allegations of illegal fund acceptance by employees of real estate trust companies based on a complaint from the Financial Supervisory Service. Previously, the Seoul Central District Prosecutors' Office conducted searches at the headquarters and 13 related businesses in April concerning allegations that current and former employees of Shinan Asset Trust, a real estate trust company affiliated with Shinhan Financial Group, accepted bribes during the trust contract process.