Prosecutors, Daeshin Securities, Shinhan Investment Corp

[데일리시사닷컴]The Financial Supervisory Service notified the executives of Lime Asset Management (Lime) fund sales companies one after another.

Earlier, the prosecution indicted Shinhan Geumtu and Daishin Securities corporations for the responsibility of “negligence of employee management supervision” and indicted for punishment rules for fraudulent fraudulent transactions and unfair solicitation.

This is the first case in which a sales company has been handed over to criminal trial in connection with fraudulent fraudulent transactions and incomplete sales of private equity funds.

It is noteworthy that if a corporation’s criminal responsibility is recognized, it can affect civil lawsuits conducted by victims against vendors.

According to the financial sector on the 7th, the FSS sent a notice of preliminary sanctions related to the results of an inspection on Woori Bank, a Lime Fund seller, on the 3rd. At the time of the Lime crisis, Woori Finance Chairman Son Tae-seung, who was the head of Woori Bank, was notified in advance of the’recession of job suspension.

Job suspension is the second highest severe disciplinary action following the recommendation of dismissal out of the five levels of sanctions for executives of financial companies.

Earlier, the Financial Supervisory Service issued the same disposition to former KB Securities CEO Yoon Gyeong-eun, Kim Hyung-jin, former Shinhan Financial Investment CEO, and Na Jae-cheol, former Daishin Securities CEO, during a Lime-related sanctions trial last year.

The main reason for sanctions is that vendors have not properly established internal control standards and neglected management.

Apart from the disciplinary action of the financial authorities, the prosecution charged Shinhan Financial Group and Daeshin Securities to be responsible for the “negligence of employee management supervision” and prosecuted the two corporations as punishment rules for fraudulent fraudulent transactions and unfair solicitation.

The prosecution is also investigating the suspicion of rhyme between KB Securities and Woori Bank.