General Society: Society: News: Hankyoreh

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A probation has been confirmed for a former executive of the Financial Supervisory Service, who collected extra money in exchange for arranging preferential loans or lowering the sanctions level. The 3rd Division of the Supreme Court (Presiding Judge Kim Jae-hyung) issued a court ruling that sentenced him to two years and two months of imprisonment and four years of probation at the appeal of former FSS Commissioner Yoon Amugae, who was charged with violating the Act on aggravated punishment for certain economic crimes (such as flood damage). It was announced on the 12th that it was confirmed. In March 2018, Yoon served as an executive at the Financial Supervisory Service and was charged with collecting fees after arranging loans from small and medium-sized businesses that are difficult to obtain loans from financial institutions. It was investigated that Yoon asked for loans to employees of financial institutions by using his position as an executive at the Financial Supervisory Service. Yoon is also charged with collecting 20 million won after being asked by a financial institution official who has been sanctioned by the Financial Supervisory Service to “lower the level of disciplinary action”. The first and second trials stated, “The purpose of the legislation of the Specific Economic Crime Act, which punishes financial institution executives and employees for receiving money and goods in relation to their job duties, is that financial institutions are established under special laws and their business or business is of a public nature. Since it has a significant impact on the national economy and the national economy, the purpose is to impose a strict integrity obligation and secure the impossibility of purchasing duties like ordinary public officials.” The Supreme Court also dismissed Mr. Yun’s appeal, saying, “The allegation that the original judgment has a lack of hearing or misrepresentation of the law is not a legitimate reason for appeal.” On the other hand, Yoon is being prosecuted without custody (violation of the Act on Aggravated Punishment for Specific Economic Crimes, etc.) for introducing financial sector officials for tens of millions of won from Kim Jae-hyun, CEO of Optimus Asset Management (Optimus) in January, and is being tried for the first trial. By Jo Yoon-young, staff reporter

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