FSS wraps up disciplinary review of MBK over Homeplus incident
FSS completes disciplinary review of MBK Partners; interest grows in the level of sanctions over suspicions surrounding the Homeplus acquisition Check quickly the remaining sanction results and the fallout from the procedure
The Financial Supervisory Service has completed its sanctions review related to private equity fund manager MBK Partners' acquisition of Homeplus. However, it did not disclose the specific level of sanctions, citing that the procedures are still underway.
On the 2nd, the FSS said it held its 14th Sanctions Deliberation Committee meeting and deliberated on and approved the MBKrelated agenda items. This decision came after reviews that had continued since late last year, and it was made in line with the schedule for handling Homeplus's rehabilitation plan.
Previously, in November last year, the FSS had given MBK advance notice of severe disciplinary action, including suspension from duty. The sanctions can then be finally confirmed after going through procedures at the Securities and Futures Commission and the Financial Services Commission.