fisheries cooperative caught for illegal lending to church
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Fisheries cooperative caught for illegal lending to church

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Arab Today, arab today Fisheries cooperative caught for illegal lending to church

Fisheries cooperative
Seoul - Yonhap

A state-funded local fisheries cooperative has been reprimanded for extending billions of won in loans to a church by inflating its financial status and the number of members, the watchdog agency said Friday.
A branch of the National Federation of Fisheries Cooperatives (NFFC) in 2008 allegedly raised the church's credit rating without carrying out due deligence on the debtor's repayment ability, according to the Financial Supervisory Service (FSS).

 

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fisheries cooperative caught for illegal lending to church fisheries cooperative caught for illegal lending to church

 



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fisheries cooperative caught for illegal lending to church fisheries cooperative caught for illegal lending to church

 



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