Arab Today, arab today 2 former kookmin bank employees to stand trial for illegal lending
Last Updated : GMT 16:56:19
Arab Today, arab today
Arab Today, arab today

2 former Kookmin bank employees to stand trial for illegal lending

Arab Today, arab today

Arab Today, arab today 2 former Kookmin bank employees to stand trial for illegal lending

Seoul - Yonhap

Two former employees of Kookmin Bank's unit in Tokyo have been indicted on charges of extending illegal loans worth nearly 150 billion won (US$140 million) to South Korean companies operating in Japan, prosecutors said Thursday. The Tokyo branch of South Korea's leading bank has been investigated by Seoul prosecutors over suspicions that it lent more than permitted to Japan-based firms to secure returns, some of which were later used to amass slush funds here.

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