Cracking down

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Cracking down


Seoul police investigators raid the office of a KT ENS subcontractor in Gangnam, southern Seoul, yesterday. Police seized documents from six KT ENS subcontractors after one of the company’s employees was found to have obtained loans from financial companies using falsified documents with the cooperation of the subcontractors. Investigators estimate that 400 billion to 500 billion won ($375.2 million to $469 million worth of loans were obtained through 16 financial companies. [NEWSIS]

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