Ex-Kookmin Bank manager gets 6-year jail term for illegal lending
A Seoul court
Seoul - Yonhap
A Seoul court on Wednesday sentenced a former manager of Kookmin Bank's unit in Tokyo to six years behind bars for extending illegal loans worth nearly 350 billion won (US$317 million) to South Korean companies operating in Japan .
The Seoul Central District Court also imposed a 90 million won fine and an additional 90 million penalty on the 56-year-old former manager of South Korea's leading bank's Tokyo branch, only identified by his surname Lee, for playing a leading role in granting unauthorized loans between January 2007 and January 2010.
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