Shinhan BNP Paribas unit raided in investigation

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Shinhan BNP Paribas unit raided in investigation

The Seoul prosecutors’ office raided the headquarters of Shinhan BNP Paribas Asset Management on Wednesday to investigate possible stock manipulation.

According to the prosecutors’ office three fund managers allegedly made several billion won by manipulating the prices of five stocks on the Kospi between June and September.

The case was turned over to the Financial Services Commission on Oct. 6.

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