Police Investigate Nonghyup Cooperative Head on Charges Including Forgery of Private Documents

Financial Transactions Under the Name of a Mentally Disabled Nephew Without Delegation

A head of an agricultural cooperative in Nonsan, Chungnam, is under police investigation for conducting financial transactions under the name of his nephew, who has a level 2 intellectual disability.

The Seobu Police Station in Daejeon announced on the 20th that they are investigating Mr. A, the head of an agricultural cooperative in the Nonsan area, on charges including forgery of private documents.

According to a compilation of reports by Asia Economy on the 20th, Mr. A has been conducting financial transactions under the name of Mr. B, who has an intellectual disability and is unable to understand financial transactions, for over ten years. Mr. B claims that he never authorized Mr. A to handle financial transactions on his behalf.

It is reported that Mr. A received financial loans amounting to tens of millions of won under Mr. B’s name.

This fact came to light during the process of checking Mr. B’s financial transaction records by Mr. B’s mother.

A police official stated, “Since the investigation is currently ongoing, we cannot disclose precise details.”

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