Shinhan’s top three face summons next week

The prosecution will summon the top three men at Shinhan Financial Group once the parliamentary audit on the prosecutors’ office is completed on Oct.18, sources said Thursday.

One of the threesome may be summoned as early as next week, one source said, while the others may be called in at a later time. 

“The prosecution has been busy in preparing for the parliamentary audit,” he said. “It plans to summon the three figures of Shinhan Financial Group after the audit is finished.”

The three figures to be summoned are group chairman Ra Eung-chan, group CEOShin Sang-hoon and Shinhan Bank CEO Lee Baek-soon. All of them have been under criminal investigation for irregularities, respectively.
 

Ra Eung-chan

Another source said the prosecution has recently received a growing number of anonymous letters which contain fresh allegations against the financial group.

“I believe the prosecution will call me in before November,” CEO Shin told The Korea Herald.

Shin said that his former chief secretaries have already been called by the prosecution. He added that he does not know who will be the first player to be summoned among the three.

Shin Sang-hoon

Asked about financial regulators’ move to censure Shin as well as chairman Ra, who is suspected of violating real-name account laws, he said, “I was a sales manager at that time. 

I could not access anything (about the allegations as a non-executive banker).”

Shin also said he has had no contact with Ra and Lee in recent days.

Lee Baek-soon