Two Kookmin Bank employees to stand trial over massive illegal lending
Social affairsDec 29, 2013
Two employees of Kookmin Bank's unit in Tokyo have been indicted on charges of extending illegal loans worth 400 billion won (US$380 million) to Korean companies operating in Japan, state prosecutors said Sunday.The Tokyo branch of South Korea's leading bank has been investigated by prosecutors over suspicions that it lent more than permitted to Japan-based firms to secure returns used to amass massive slush funds.The suspects, including a 57-year-old former Tokyo branch manager only identified