| Log In | Register New User |
|
|
| Home | Company Search | Related Articles | Forum (new!) |
| Company | Korea Exchange Bank [Company Info] |
| Track this Company (an email will be sent to you everytime a report is filed about this company) |
| Date | Issue | Title |
| 29th Jun 2006 | Other Issue | S Korea raids KEB over sale worry |
| Report |
| South Korean prosecutors have raided the offices of Korea Exchange Bank (KEB) as part of a probe dating back to its 2003 sale to a US investment fund. The probe is looking into allegations that KEB figures were manipulated so it could be sold quickly and cheaply. Lone Star Funds bought KEB for 1.4 trillion won (£802m; $1.2bn) in 2003, and is currently in the process of selling it on for 6.95 trillion won. Lone Star, a top buyout fund in South Korea, has denied any wrongdoing. Prosecutors said that the raid was carried out by 30 officials "in order to secure information concerning the sale of KEB". Documents were seized, they added. |
| Related Reports from the Banking Industry | ||
| Company | Issue | Report |
| CitiGroup | Other Issue | Citigroup fined £14m by UK watchdog |
| National Australia Bank | Fraud Investigation | Second trader gets jail term |
| ING | Fraud Investigation | ING bank faces charges in the US |
| CitiGroup | Fraud Investigation | Citigroup settles Worldcom claims |
| BAWAG | Fraud Investigation | Austrian bank in Refco settlement |
| Contact Us | Terms of Service | Privacy Policy | Add Report | Links |
| © 2006 Corp-Ethics.com | Corporate Ethics |