Tuesday, April 18, 2017

BNK Seong Sehwan President of Finance, warrant substantive examination



In the Korea Financial News sinyuncheol News] Seong Sehwan BNK Financial Group President and BNK financial former and current Vice President are 18 days 10:30 a.m. Busan District Court Kim Seoksu warrant a dedicated manager redeemed before a suspect questioned held a hearing of the judge (warrant substantive examination) of the holding It was present.

Busan District Prosecutors' Office Special Forces (imgwanhyeok Department inspection), Mr. past 14 days price was allegedly affiliated president Kim (60) and former Seong Sehwan president and vice president BNK financial holding with (capital markets and offenses relating to the financial investment industry) intervention price controls, He was charged an arrest warrant against the current BNK financial Group Vice President Mr. Park (57).

It is a collective charge an arrest warrant for key executives, including former and current president and vice president of the St. BNK financial holding emerges that the analysis because the prosecution was required to obtain concrete evidence of its stock ticker proved one trillion kinds of charges.

Background of the case are accused of attempting to finance a while BNK rights issue in January last year, lending a loan where over 10 local construction companies boosting stock prices make buying its shares called "dampen lending.

Prosecutors have been handed over materials related to the management BNK price quotes one trillion kinds of allegations from the Financial Supervisory Service (FSS) was raided last month, including the headquarters of the 7th BNK and Seong Sehwan President Office, Pusan ​​Bank, BNK Capital.

◇ crime can come to 10 years in prison

The prosecution of logic is expected to price quotes one trillion kinds undermine the fairness and impartiality of the Securities and Exchange emphasizing La serious crime that could result in significant harm to ordinary investors.

In addition, he BNK Financial Group senior executives, including Seong Sehwan presidents shares directly intervene in the market price one trillion kinds of 'a' was bought for receiving BNK side solicitation BNK shares as part of the loan 'BNK employees' statements and is presented also stated evidence of Busan mid-sized construction company official and it is expected to highlight the reasons for restraint.

On the other hand BNK lawyers is that they 'is likely to destroy or escape proof less' has never suggested that to encourage its share purchases in the company in dealings with the loan '' beat '' and accused as to deny the allegations to ensure the bangeogwon is expected to contend that there is no need to be redeemed immediately.

According to the Capital Market Law quotes one trillion kinds of acts is punishable by imprisonment or a fine of not more than 5 billion in more than 10 years.





Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com