[서울=뉴스핌] Reporter Park Mi-ri = The Sanctions Review Committee (sanctions review) for IBK, which sold Lime Discovery Fund, has been concluded without conclusion. The Financial Supervisory Service is scheduled to resume sanctions on the 5th of next month.
According to the Financial Supervisory Service on the 28th, sanctions were deliberated against IBK from 2pm on the same day in a non-face-to-face manner, but a conclusion could not be reached. The Financial Supervisory Service said, “The sanction review committee proceeded with the deliberation while sufficiently listening to the statements and explanations of a number of company officials (including legal representatives) and the prosecutor’s office.”
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| IBK Industrial Bank Head Office[사진=IBK기업은행] 2021.01.05 [email protected] |
IBK was pointed to the private equity sales process. In 2017-2019, the Discovery US Fintech Global Bond Fund and the Discovery US Real Estate Senior Bond Fund sold worth 3612 billion won and 318 billion won, respectively. However, due to asset freezing measures, the redemption of 69.5 billion won and 21.9 billion won, respectively, has been delayed. In addition, IBK also sold 29.4 billion won of Lime Fund, which caused a large-scale redemption suspension.
Accordingly, the Financial Supervisory Service sent an advance notice to IBK earlier this month. It is reported that former chief executive Kim Do-jin has received a preliminary notice of a censure warning corresponding to severe discipline. Those with a censure warning or higher are restricted from working in the financial sector for three to five years.
The result of the IBK sanctions review is drawing attention because it can infer the results of the sanctions review of the selling bank involved in the private equity crisis. The Financial Supervisory Service is planning to proceed with a sanctions review of the selling banks after being involved in the private equity crisis in March. In the case of Lime Fund, besides IBK, Woori Bank, Shinhan Bank, Hana Bank, and Busan Bank are listed on the list of selling banks.