Regulator probing Kookmin Bank for suspected slush funds
Social affairsNov 10, 2013
The financial regulator is investigating Kookmin Bank, South Korea's major lender, on suspicion that its Tokyo branch has been involved in running secretive funds for the bank's management, regulatory sources said Sunday. The Financial Supervisory Service (FSS) has apparently found traces of evidence that the branch manager in Kookmin Bank, Tokyo, pocketed large sums of fees from approving loans off the books, FSS officials with knowledge on the matter said, asking not to be named. The FSS disco