Kyobo urges regulator to launch investigation into Anjin
Posted : 2021-02-16 16:19
Updated : 2021-02-16 21:19
Kyobo Life Insurance Chairman Shin Chang-jae delivers a speech during the firm's New Year seminar at its headquarters in Seoul on Jan. 8. Courtesy of Kyobo Life Insurance
By Lee Min-hyung
Kyobo Life Insurance has urged the nation's financial authorities to investigate Deloitte Anjin accountants over their suspicious internal trading with a client ― Hong Kong-based Affinity Equity Partners ― the life insurer said Tuesday.
Kyobo and its financial investor ― an Affinity-led consortium ― are in a months-long legal dispute regarding Anjin's alleged involvement in apparent accounting fraud by manipulating Kyobo's corporate value at the request of the client.