Prosecutors Investigate Suspect of Former Executives of Korea Asset Trust 'Interest Business'

The prosecution, which is investigating a real estate trust company that received high interest after lending funds to the developer, called in a former executive of Korea Asset Trust to investigate.

The Seoul Central District Prosecutor's Office today (14th) summoned Baek, a former executive director of Korea Asset Trust, as a suspect to investigate.

At the request of the Financial Supervisory Service, the prosecution is investigating allegations that former and current employees of Korea Asset Trust lent 2.5 billion won, including land purchase funds, to the developer through a corporation and received about 700 million won in the name of interest.

On the 31st of last month, the prosecution also raided about 10 places, including the residences and offices of former and current employees of the Korea Asset Trust.