Woori Bank Embezzlement Employee Loses 31.8 Billion KRW in Stock Option Investments

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] It has been confirmed that a Woori Bank employee accused of embezzling 61.4 billion KRW lost 31.8 billion KRW through futures options investments.

On the 9th, the Seoul Metropolitan Police Agency announced the progress of the investigation into the Woori Bank embezzlement case during a regular briefing, revealing this information.

A Seoul Metropolitan Police official explained, "We confirmed that there was a loss of 31.8 billion KRW from futures options investments," adding, "There are also indications that funds were transferred overseas and invested in real estate under the names of the suspect and their family, and we are continuing to verify these details." However, the official stated that the investigation into losses beyond the futures options is still ongoing.

They also confirmed charges against accomplice B, who assisted Woori Bank employee A in the investments. Although B testified that they were unaware the money was embezzled, the circumstances suggest it is unlikely they did not know. The police said, "While it is difficult to provide specific details, there is evidence that a certain amount of money was received," adding, "We will verify this precisely through mobile phone forensics, but based on the current circumstances, there is sufficient ground to request a warrant, and detention has already been made." However, no evidence of higher-level involvement has been found so far.

Furthermore, the police stated, "We will pursue the case to the fullest extent, apply for seizure preservation, and ensure full recovery of the funds."

Previously, employee A is accused of embezzling approximately 61.4 billion KRW in three instances: 17.3 billion KRW and 14.8 billion KRW by check in 2012 and 2015 respectively, and 29.3 billion KRW by bank transfer in 2018. It is also known that A forged documents and obtained approvals during the embezzlement process.

This content was produced with the assistance of AI translation services.