(Photo=KB Kookmin Bank)

[Alpha Biz= Reporter Kim Sangjin] The Financial Supervisory Service's Capital Market Special Judicial Police (Special Police) announced on the 18th that they have arrested and sent to the prosecution a KB Kookmin Bank employee who allegedly made illicit gains of 6 billion KRW using undisclosed information.

According to the Special Police, Mr. A, who worked in KB Kookmin Bank's securities agency division, is accused of purchasing stocks of listed companies based on information he obtained while handling their rights offering operations from January 2021 to April 2023. This violates the Capital Market Law.

It is alleged that Mr. A acquired approximately 6 billion KRW in illicit gains through these activities.

The Special Police suspect that Mr. A, along with relatives, acquaintances, and even colleagues, obtained illicit gains totaling 12.7 billion KRW.

Starting with Mr. A, who had the largest trading volume and illicit gains, the Special Police plan to apply for arrest warrants for other suspects involved in the case.

Earlier, the Seoul Southern District Court issued an arrest warrant on the 11th for Mr. A, who was charged with violating the Capital Market Law.

The Special Police intend to swiftly apply for arrest warrants for the remaining suspects, starting with those who obtained the largest illicit gains among them, totaling 12.7 billion KRW in illicit trading profits.

 

 

 

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