Prosecutors say Busan savings bank used slush funds for lobbying
Social affairsMay 31, 2011
Prosecutors said Tuesday they secured evidence that a scandal-ridden savings bank has used slush funds to lobby ranking government officials and influential politicians to prevent financial regulators from ousting the bank due to illegal loans and other irregularities. The bank raised the slush funds by offering illegal loans worth trillions of won to more than 100 special purpose companies esta