Prosecutors Confirm Additional 9.3 Billion KRW Embezzlement by Woori Bank Employee, Totaling 70.7 Billion KRW

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] The prosecution has uncovered an additional embezzlement amounting to approximately 9 billion KRW in the ongoing investigation of an embezzlement case involving an employee of Woori Bank.

The Crime Proceeds Recovery Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Lim Se-jin) filed a request on the 22nd to the first-instance court handling the case of Woori Bank employee Jeon Mo (43) and his accomplice brother (41) to amend the indictment to include an additional embezzlement amount worth 9.32 billion KRW.

Initially, the prosecution indicted them on charges of embezzling a total of 61.4 billion KRW (embezzlement under the Act on the Aggravated Punishment of Specific Economic Crimes, property concealment abroad, etc.). However, with the newly revealed offenses, the total embezzled amount has increased to 70.7 billion KRW. The prosecution also detected that Jeon forged private documents in the name of Woori Bank during the embezzlement process and filed additional charges.

The prosecution has also requested the court to postpone the sentencing date. The first-instance sentencing for Jeon and others is scheduled for the 30th of this month.

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