Former Woori Bank executive arrested for 'unfair loans'...Current executive dismisses warrant

A former Woori Bank executive has been arrested in connection with allegations of unfair loans to former Woori Financial Group Chairman Sohn Tae-seung's relatives.

The Seoul Southern District Court issued an arrest warrant for a former Woori Bank executive A, who is suspected of breach of trust under a specific economic crime law, saying he could eliminate or run away from evidence.

However, the arrest warrant for incumbent executive B was dismissed.

They are accused of engaging in unfair loans to former chairman Sohn's relatives, just like the former head of the headquarters Lim, who was put on trial in custody on the 15th.Mr. Kim, the brother-in-law of former chairman

Son, was also arrested last month on charges of misappropriating company funds in the family's name and inflating the acquisition price in the process of buying real estate through the company.

Prosecutors, who were asked to investigate by the Financial Supervisory Service, said Woori Bank gave preferential loans worth 35 billion won to Sohn's relatives, raided nine places, including Sohn's home, on the 11th.