A defendant shall be punished by imprisonment for two years.

Punishment of the crime

1. The Defendant violated the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (affort) was a person who had overall control over the business of the E- Union located in Nam-gu D at port from March 2004 to March 2009 and held office as the president who managed the employees. F was a regular manager who has overall control over the loan business of the said union and G who has been in charge of the said union's loan business.

When the defendant performs loan business with respect to the affairs of the above union, he/she has a duty to confirm the credit standing, etc. of the applicant for the loan and only if it is deemed that there is no error in securing bonds, to avoid causing damage to the union.

Nevertheless, on May 1, 2007, the Defendant: (a) extended a loan of KRW 35,500,000 to F and G in the name of a non-member who is not a person eligible for the loan; (b) ordered F and G to use it for the Defendant’s business fund; (c) around May 11, 2007, at the office of the E-F Cooperative, the Defendant was well aware of the fact that the loan was carried out in appearance with the nominal owner and the use of the loan as H corporation’s business fund; and (d) even though he was well aware that it was disqualified for the loan, the Defendant did not confirm the credit standing, etc. of H corporation and I and issued documents related to the loan to I without confirming the credit status, etc. of H corporation and I, and made it difficult to recover the loan amount from April 6, 2007 to July 208, 2009; and (c) made it difficult to collect the loan amount of KRW 100,900 in the name of the loan.

Accordingly, the defendant, in collusion with F and G, had the lending holders obtain pecuniary benefits equivalent to KRW 514,90,000, and caused damages equivalent to the same amount to the victim E-credit cooperatives.

2. Fraud.