’60 billion won embezzlement’ Woori Bank employee withdraws money three times

An employee of Woori Bank, who is accused of embezzling about 60 billion won, has withdrawn the relevant amount three times over the past six years. Most of the amount embezzled by the employee is money that must be returned to Iranian home appliance company Entekhab, where Woori Bank participated in the sale of Daewoo Electronics in the past.

According to the announcement of Woori Bank on the 28th, the amount of money that was withdrawn from Woori Bank to an unknown account was 61.452.14 million won (provisional). There are three withdrawal times: October 12, 2012, September 25, 2015, and June 11, 2018.

Woori Bank explained, “We discovered the case while preparing to return the deposit.”

The employee who stole the money was a deputy general manager who had been at Woori Bank for over 10 years.

Most of the embezzlement is a contract deposit (57.8 billion won) that Woori Bank must return to Iranian home appliance company Entekhab, which participated in the sale of the former Daewoo Electronics.

In 2010, Korea Asset Management Corporation (Kamco) and others selected Entekhab as the preferred bidder for the sale of Daewoo Electronics and received a down payment.

Usually, the money confiscated in this way is distributed according to the creditor’s stake. However, as the Iranian Dayani family, which owns Entekhab, filed an investor-state lawsuit (ISD) asking for it back, Woori Bank, which was the lead bank for the sale at the time, managed it separately.

Afterwards, the arbitral tribunal of the International Trade Law Commission under the United Nations ruled in favor of the Dayani family in December 2019 and ordered them to pay 73 billion won, but the bank did not confirm the down payment at the time because remittance was impossible due to international sanctions against Iran. see. After that, in January, when the Office of Foreign Assets Control (OFAC) under the U.S. Department of the Treasury issued a special permit, it is known that the money disappeared only after remittance became possible.