Prosecutors Seek Arrest Warrant for Former Woori Financial Chairman Sohn Tae-seung on 'Unfair Loans to Relatives' and 'Breach of Trust' Charges
The prosecution has moved to secure the custody of former Woori Financial Group Chairman Sohn Tae-seung in connection with allegations of illegal loans to relatives.
According to the legal community on the 22nd, the Financial Investigation Division 1 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Kim Soo-hong) has requested an arrest warrant for former Chairman Sohn on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes (breach of trust).
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The prosecution has been investigating the possibility that former Chairman Sohn was directly involved in the process of executing improper loans amounting to hundreds of billions of won to corporations or sole proprietors related to his relatives from April 2020 to January this year at Woori Bank. He was summoned and questioned as a suspect over two consecutive days starting from the 20th.
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