The Korea Herald

소아쌤

Prosecutors raid Resom Resort over alleged corruption

By KH디지털2

Published : July 29, 2015 - 15:43

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Prosecutors said Wednesday they have raided offices of a South Korean resort for alleged corruption, including receiving questionable loans from a local bank.

Despite experiencing financial difficulties for about 10 years, Resom Resort has borrowed over 100 billion won ($86.31 million) from the National Agricultural Cooperative Federation (NongHyup) since 2005, arousing suspicion that it granted favors to the company.

The resort's board members are suspected of embezzling huge amounts of company funds.

The Seoul Central District Prosecutors' Office confiscated accounting books, internal documents and computer hard disks at the headquarters in southern Seoul and four other affiliates' offices. (Yonhap)