185 Arrested for 180 Billion Won in Loans From Financial Institutions for Unsold Commercial Properties
4 Articles
4 Articles
A group that embezzled 181.3 billion won in collateral loans from financial institutions by creating fraudulent contracts that inflated the sale prices of unsold commercial properties has been apprehended by the police. Thirteen people, including former and current bank employees and tax accountants, have been detained. The Incheon Metropolitan Police Agency's Regional Crime Investigation Unit [indicted] former and current bank employee [Name] o…
The Incheon Metropolitan Police Agency’s Metropolitan Crime Investigation Unit arrested 185 people, including bankers and tax accountants, on charges of inducing fraudulent loans worth 181.3 billion won using 370 unsold commercial properties and officetels in the metropolitan area. They deceived financial institutions by inflating sale prices to secure the loans and systematically distributed the proceeds of the crime.
(Incheon=Yonhap News) Reporter Hong Hyun-ki = A bank employee and a tax accountant, among others, were arrested by the police for using unsold commercial properties to fraudulently obtain loans worth over 180 billion won from financial institutions...
A group that embezzled over 180 billion won in loans from financial institutions by exploiting vacant commercial properties that had remained unsold for a long time has been arrested by the police. It was found that not only the developer and the sales agency but also former and current bank employees, tax accountants, and paralegal managers were involved in the crime. They are suspected of inflating the sale prices and fabricating documents to …
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