The police have captured additional charges related to an unfair loan case involving Son Tae-seung, former chairman of Woori Financial Group, and referred the case to prosecutors.
The Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency announced on the 2nd that they had transferred Kim, the brother-in-law of former Chairman Son, to the Southern District Prosecutors' Office of Seoul on charges including violations of the Act on the Aggravated Punishment of Specific Economic Crimes.
According to the police, Kim is accused of obstructing the loan review process by submitting fake contracts that inflated the purchase price while obtaining a loan from Woori Bank. It was investigated that the two corporations owned by Kim borrowed a total of 4.7 billion won over four occasions in 2021 and 2022.
In this process, it was identified that Kim provided a commercial-residential property in Gwanak-gu, Seoul, as collateral.
Earlier, Woori Bank submitted 23 suspected cases of unfair loans identified through its own audit in August of last year to the police. The prosecutors, who received the case due to duplicate investigations, indicted five individuals, including former Chairman Son and Kim, for unfair loan charges amounting to 51.7 billion won after about five months of investigation, but the additional four loans captured this time were excluded from the indictment.
After grasping this fact, the police began additional investigations starting in March. In the process, they captured additional details suspected of unfair loan charges and referred them to the prosecutors.