KB says loan frauds by staff ‘nothing to do with us’
Kookmin Bank (KB), Korea’s largest lender, is being investigated by police after staff allegedly falsified customers’ loan agreements by filing off the due dates on paperwork with a sharp object and writing an earlier one in its place before asking the customer to pay back the loan on the new date, which is classed as forgery and is therefore a criminal offense.
KB confirmed that some of its employees had tampered with loan contracts, but stressed it had nothing to do with the lender itself, and that it didn’t know it was happening. Once it did find out, it immediately allowed one of the employees to resign and then re-employed them as a contract worker although the bank claimed this was also nothing to do with them. Other staff allegedly involved in the criminal activity were reassigned to other posts, although the bank said this was also nothing to do with them.
If the allegations are found to be true, KB says it will be nothing to do with them.
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