Law Freezes Assets of Woori Bank Employee and Family Involved in 61.4 Billion Won Embezzlement

Apartment and Others Worth Approximately 6.6 Billion KRW

[Image source=Yonhap News]

[Asia Economy Reporter Yoo Je-hoon] The court has frozen the assets of a Woori Bank employee accused of embezzling 61.4 billion won of company funds, along with those of his family and accomplices.

According to the police on the 11th, the Seoul Central District Court recently approved a preservation order preventing the disposal of assets worth approximately 6.6 billion won belonging to Jeon Mo (43), a Woori Bank employee indicted on charges of embezzlement and hiding assets abroad under the Act on the Aggravated Punishment of Specific Economic Crimes, as well as his family members.

Earlier, the Seoul Namdaemun Police Station filed a pre-indictment seizure and confiscation preservation request last month regarding the assets of Jeon and his family. The assets include apartments worth about 4.9 billion won registered under the names of Jeon, his family, and accomplices, five vehicles worth about 200 million won, and unlisted stocks worth approximately 1.1 billion won.

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