Prosecutors Conduct Search of Gyeongnam Bank Over 56 Billion KRW PF Loan Embezzlement Case
The prosecution is conducting raids on key locations on the 2nd in connection with the embezzlement of 56.2 billion won in project financing (PF) loans that occurred at Gyeongnam Bank.
The Crime Proceeds Recovery Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Im Se-jin) sent prosecutors and investigators to about 10 places, including the residence and office of Lee Mo (50), head of the Real Estate Investment Finance Department at Gyeongnam Bank, and the Investment Finance Department of Gyeongnam Bank, to conduct raids on the morning of the same day.
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