April 27, 2024

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[THE INVESTOR] Prosecutors said on Nov. 7 they raided the headquarters of Woori Bank in central Seoul as part of their probe into alleged illicit recruitment of staff.

The Seoul Northern District Prosecutors’ Office sent its investigators to confiscate documents and other evidence from the bank chief’s office and its human resources department, it said.

The major Korean lender is accused of hiring 16 entry-level staff last year who are related to powerful former and incumbent ranking officials from the spy agency and the Financial Supervisory Service.

The raid came as Woori Bank reported the findings of an internal audit to the financial watchdog, which has asked the prosecution to investigate the case.

Woori Bank chief Lee Kwang-goo offered to resign last week over the mounting allegations.

By Alex Lee and newswires (alexlee@heraldcorp.com)