The head of a bank holding firm based in the country's second largest city of Busan has been arrested over allegations of stock price manipulation, court officials said Wednesday.
The Busan District Court issued a warrant on Tuesday night to detain Sung Se-whan, chairman of BNK Financial Group, citing the possibility of him destroying evidence.
Sung Se-whan, head of BNK Financial Group, arrives at the Busan District Prosecutors' Office in the country's second largest city of Busan on April 18, 2017, before attending a hearing on his arrest. The Busan District Court issued a warrant to detain him over allegations of stock price manipulation later in the day. (Yonhap)
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