On the 25th, the prosecution is searching a branch of Shinhan Bank in connection with allegations of illegal loans involving a former bank employee.

The view of Shinhan Bank's headquarters. The location mentioned in the article for the search and seizure is not the headquarters but a branch near Yeouido Station. / Courtesy of News1

On this day, the Seoul Central District Prosecutors' Office's Anti-Corruption Investigation Division 3 (Director General Lee Seung-hak) is conducting a search of a Shinhan Bank branch near Yeouido Station in Seoul.

The prosecution is reportedly investigating allegations that an employee identified as A, who worked at this branch, assisted businessman Kim, a former bank employee, in obtaining a loan through forged documents.

Earlier, the Financial Supervisory Service spotted signs of A's corruption and handed the test results over to the prosecution.