24 Sep 2011

Bank chief in fatal fall

8:25 am on 24 September 2011

The head of a troubled South Korean savings bank has fallen to his death while customers queued outside the building.

Police said Jeil 2 savings bank chief executive Chung Ku-haeng appeared to have jumped from his office on the sixth floor.

The government suspended the bank's operations last Sunday for suspected irregularities.

Mr Chung's body was found on the pavement near the bank's door. Police officers were quoted as saying that he appeared to have committed suicide.

The bank's offices had just been raided by investigators looking for evidence of malpractice in risky property deals.

The BBC reports depositors have been rushing to withdraw their funds from the Jeil 2 bank and six other small deposit takers after their operations were suspended on Sunday.

There has been concern that the panic could spread to other banks.