court orders busan savings bank to compensate customers
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Court orders Busan Savings Bank to compensate customers

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Arab Today, arab today Court orders Busan Savings Bank to compensate customers

Seoul - Yonhap

A Seoul court on Friday ordered now-bankrupt Busan Savings Bank to pay nearly 40 billion won (US$35 million) in compensation to hundreds of its customers for incurring financial losses. In 2011, some 280 individual bond investors lodged a class action suit against the lender, its top executives, state regulators, accountants and the government, holding them accountable for fraudulent accounting and lax inspection.

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court orders busan savings bank to compensate customers court orders busan savings bank to compensate customers

 



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