[서울=뉴스핌] Reporter Kim Jin-ho = IBK, which sold the’Discovery Fund and Lime Fund’, which caused a large-scale redemption suspension, was punished by the Financial Supervisory Service for a month of suspension of business and fines. Former bank chief Kim Do-jin, who was then head of the bank, was given a lower level of’cautionary notice’ from the severe disciplinary action that was previously notified.
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For the past three years, IBK has sold the Discovery US Fintech Global Bond Fund and the Discovery US Real Estate Senior Bond Fund, respectively, of KRW 361.2 billion and KRW 318 billion. However, the redemption has been suspended as a local US manager cannot recover the bonds invested in the fund.
The Financial Supervisory Service held a sanctions deliberation committee on the 5th and decided on measures as a result of a sector inspection related to the incomplete sale of the Discovery US Fintech Private Equity Fund and Lime Repoplus 9M Private Equity Trust.
The sanctions trial decided that the incident caused social controversy, including a number of damages to consumers, and issued a disciplinary plan on that day.
First, for violating the obligation to establish internal control standards, it was decided to propose to the Financial Services Commission that IBK should be suspended for one month and imposed a fine for negligence. In addition, he issued a’cautionary warning’ against former chief Kim.
Initially, it was reported that the Financial Supervisory Service notified former chief Kim of a “consultant warning” and “some business suspension for three months” to the IBK, but after deliberation on sanctions, the disciplinary level was lowered.
On the 25th following IBK, sanctions will be held against Woori Bank and Shinhan Bank, which are major Lime Fund sellers.
On the other hand, the sanctions review is an advisory body for the FSS and the results of the review have no legal effect. The details of the sanctions will be confirmed through the approval of the Financial Supervisory Service, deliberation by the Securities and Futures Commission, and resolution by the Financial Services Commission for each subject to be followed.
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