US EditionFraud Scandal Hits Bank Woori Saudara in Indonesia
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Fraud Scandal Hits Bank Woori Saudara in Indonesia
The main office building of Bank Woori Saudara in Jakarta (Photo courtesy of Woori Bank) A financial incident involving 100 billion won has occurred at Woori Bank's subsidiary in Indonesia, Woori Saudara Bank. Woori Bank announced on its website on June 2, through a financial incident disclosure, that “Woori Saudara Bank has confirmed fraud allegations involving an Indonesian company it is dealing with.” The problematic company is a mid-sized lo…
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