Social Affairs
Ex-KB Tokyo managers indicted for illegal loans
Dec. 29, 2013
The prosecution has indicted two former managers of KB Kookmin Bank’s Tokyo branch for extending illegal loans worth 400 billion won ($379 million), officials said Sunday. The prosecutors are further investigating whether the two suspects, identified by the surnames Lee and Ahn, received kickbacks from the borrowers and used them to create a slush fund at home. They were arrested earlier this month on charges of breach of trust. Lee, former branch chief, and Ahn, former deputy chief, were found