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Korea Exchange raided in probe into Samsung BioLogics fraud Updated: 2019-03-15 15:07:57 KST

Prosecutors raided the operator of the country's stock markets as part of a probe into alleged accounting fraud of Samsung BioLogics.
The Seoul Central District Prosecutor's Office says it acquired a number of computer hard drives and data related to the Korea Exchange's role in helping the biopharmaceutical arm of Samsung Group get listed on the main bourse in 2016.
The search and seizure operation comes after a raid the day before of the offices of Samsung affiliates Samsung C&T and the data center of Samsung SDS.
In November, Korea's Securities and Futures Commission found Samsung BioLogics to have intentionally inflated the value of its subsidiary, Samsung Bioepis, by nearly 4-billion U.S. dollars in 2015 by deliberately applying accounting standards that are against regulations.
KOGL : Korea Open Government License
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