"Former NongHyup Bank Employee"... Gang Arrested for 28 Billion Won Bridge Loan Fraud

Including Famous Economic Broadcast Participants... Total 42 Victims

A group that defrauded hundreds of billions of won by coercing investments in so-called 'bridge loans' has been arrested by the police.

On the 7th, the Suseo Police Station in Seoul arrested a man in his 30s, Mr. A, on charges of fraud under the Act on the Aggravated Punishment of Specific Economic Crimes and violation of the Act on the Regulation of Conducting Fund-Raising Business Without Permission, and is investigating former bank employee Mr. B without detention.

They are accused of deceiving 42 victims by promising high returns if they invested in so-called 'bridge loans,' which temporarily provide funds when money is urgently needed, and embezzling about 28 billion won.

Mr. A gained recognition by appearing on a famous economic broadcast, and Mr. B reportedly attracted investors by presenting himself as a former NH Nonghyup Bank employee.

Mr. B was disciplined and resigned last year. An NH Nonghyup official stated, "There is no evidence of using the company's internal systems, and no complaints related to fraud have been filed," clarifying that the bank is not involved.

The police plan to transfer the case to the prosecution on the 10th.

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