According to a report by the Korean media "News1", an employee of South Korea's Woori Bank was arrested and sent to court for allegedly forging loan documents and misappropriating 18 billion won of company funds. It was previously thought that the embezzled amount was 10 billion won, but during the investigation The confirmed amount is 18 billion won.
According to reports, from July last year to May this year, the employee took advantage of his position to forge loan documents for 17 individual and corporate customers, applied for fake loans a total of 35 times, and transferred loan funds to the accounts of acquaintances. Approximately 17.77 billion won (worth approximately US$12.83 million) was misappropriated.
In addition, the defendant was also accused of deceiving two personal loan customers from July to September last year, claiming that "the deposited loan amount needed to be temporarily withdrawn to complete the remaining loan procedures," thereby transferring approximately 220 million Korean won is transferred to an acquaintance's account.
Prosecutors pointed out that the defendant planned this series of criminal acts to raise funds for investment in virtual assets. Prosecutors and police traced the accounts and found that the defendant used approximately 15 billion won to purchase virtual assets, approximately 2.7 billion won to repay the loan debt incurred by this crime in a "borrow new and repay old" method, and the remaining approximately 300 million won. Korean won is used for personal purposes such as rent deposits and living expenses.
Prosecutors have seized 180 million won from Mr. A’s residence, and through freezing and recovery measures, have frozen assets such as virtual asset exchange deposits, bank deposits, and rental deposits worth a total of approximately 4.5 billion won.
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