External Pressure Stood up for Kim’s Borrowing of Money

It was reported that the special investigation team of Busan District Prosecutors’ Office which is carrying out the investigation on a bribery case of Kim Sang-jin, owner of a construction company located in Busan, has found evidence that there was external pressure to help Kim’s company borrow money from Kibo Technology Fund (KTF) and Korea Veteran Association (KVA).

A source from prosecution said yesterday, “I am very sure that there was external pressure that helped Kim’s company borrow money from KTF and KVA.”

It was also reported that the prosecution confirmed that the CEOs of public fund institutions such as KTF and those of banks which lent tens of billions of money to Kim supported Kim’s fraud.

Regarding this, the prosecution concluded that, given the fact that KTF and KVA are known as financial institutions that carry out thorough loan examination, the pressure from high-ranking figures in political circle must have made Kim’s illegal advance possible.

Meanwhile, the prosecution plans to summon executives of these institutions who made the final decision for lending money to Kim’s company.

Besides, the prosecution called Kim yesterday and intensively questioned the whereabouts of Kim’s slush funds and whether Kim met Jeong Yun-jae, 43, former presidential secretary, after being released on July 27.

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