main korean culprit in largescale loan fraud gets 20year prison term
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Main Korean culprit in large-scale loan fraud gets 20-year prison term

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Arab Today, arab today Main Korean culprit in large-scale loan fraud gets 20-year prison term

KT ENS company
Seoul - Yonhap

A Seoul court on Wednesday sentenced the chief of a subcontractor of telecom giant KT Corp.'s financially troubled affiliate to 20 years in prison for masterminding a large-scale loan fraud.
The 46-year-old chief of Joonangtnc Co.Ltd, surnamed Seo, was found guilty of colluding with other employees of KT ENS Co., a subsidiary of the country's No. 2 mobile operator KT Corp., to take out some 1.83 trillion won (US$1.71 billion) in loans from 16 local banks using forged documents from May 2008 to January 2014.

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main korean culprit in largescale loan fraud gets 20year prison term main korean culprit in largescale loan fraud gets 20year prison term

 



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