A defendant shall be punished by imprisonment for not less than one year and six months.

Punishment of the crime

The defendant is the representative director of the Bank of Korea, who is a sales company of the F main complex loan newly built in Gangnam-gu Seoul Metropolitan Government D and E.

Around 2003, the Defendant entered into an agreement with 12 owners of the above land and tried to newly construct the above land, but the above plan was not established due to insufficient funds, and around 2005, the Defendant again entered into an agreement between six owners of the above land and six owners of the above land until the new loan was newly constructed, each designated head office is sold, and if the remainder of the land is paid to the landowners, the ownership of each land is transferred to the Defendant. The Defendant purchased the above six remaining land from the other six and completed the registration of ownership transfer under the name of the Defendant and the Defendant’s family. The purchase price was paid at the time of the above six parcels of land as security provided to the Han Bank and the Savings Bank and paid the amount equivalent to six billion won.

The Defendant is running the construction work by acquiring the ownership of the said land from the bank loan solely with no one’s own funds.

In order to raise construction costs, etc. due to the lack of funds necessary for the construction, around March 19, 2008, H offered the above 401 lending 401 as security for transfer, borrowed 700 million won, and around June 8, 2009, the above lending 402 as security for transfer, provided the above lending 402 to H, and borrowed money by borrowing 350 million won as a security for transfer, etc. to several persons that the certified copy of the above lending building was not issued, and the construction company provided the above lending 400 million won as security for transfer, and borrowed money from the construction company to the above construction company as well as the civil lawsuit from January 2010.

In addition, according to the same agreement entered into with the above six landowners, the Defendant is also paying interest on the transfer expenses that he received to pay to the landowners, instead of completing the loan construction until September 2007.