Police raided the headquarters of Woori Bank on suspicionof irregularities and bribe taking in exchange for giving massive loans for a resort project.
The bank is suspected of having committed irregularities in assessing the project's feasibility ahead of granting about 135 billion won or US$120 million in loans to the company building the resort in Gyeonggi Province.
Police officials said a team of investigators searched the building early in the day and secured documents in connection with the case.
Do you know more about this story? Contact us anonymously through this link.