Prosecutors Under Fire: Gwangju Investigators Embroiled in Scandal Over Alleged Favoritism in High-Profile Bank Loan Case
The prosecution has launched a mandatory investigation into an investigator who is suspected of providing convenience to the bank in connection with the Gwangju Savings Bank illegal loan corruption case.
According to the legal community on the 7th, the Gwangju Prosecutor’s Office’s Anti-Corruption Investigation Department executed a search and seizure warrant on Investigator A of the same office the day before.
The Gwangju Prosecutor’s Office is known to have detected clues that Investigator A provided convenience to officials of a Gwangju savings bank that was being investigated for violating the Special Police Act by providing bad loans worth 13.8 billion won, and is reportedly conducting an investigation to prove the charges.
It has been reported that the Gwangju Prosecutor’s Office is conducting an inspection and investigation into Investigator B, believing that Investigator B also provided convenience to the savings bank.
In relation to this illegal loan case, four people, including the savings bank president, credit department head, broker, and loan originator, have been indicted and are on trial.
The bank president and broker gave 700 million won to an incumbent lawyer in Gwangju at the time to ask him to quell the prosecution’s investigation, and the lawyer was also arrested and indicted.
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