The Seoul South District District Prosecutor's Office, which is investigating the Lime Fund fraud case, which has stopped repurchases of KRW 1.6 trillion, confiscated and searched the headquarters of Shinhan Financial Investment in Yeouido, Yeongdeungpo-gu, Seoul, from around 11 am on the 30th.

Shinhan Investment Corp is one of the places that sold Lime Fund.

The prosecution believes that Shinhan Investment Corp. is related to the incomplete sales and insolvency of domestic lime funds.

Earlier, on the 28th, KB Securities was seized and searched for insolvency of domestic funds.

On the 6th, the Financial Supervisory Service notified three Lime Fund vendors, including Shinhan Financial Investment, KB Securities, and Daeshin Securities, of the disciplinary action.

It is known that Kim Byeong-cheol, former CEO of Shinhan Financial Investment, and others who worked at the time of the lime fund sale, were notified of severe disciplinary action.

(Photo = Yonhap News)