The internal feud among the top three figures of Shinhan Financial Group is unlikely to subside soon though chairman Ra Eung - chan offered to resign Saturday . Shinhan launched a new interim leadership Saturday to reduce the impact from management vacuum . Shinhan Financial president Shin Sang - hoon was already suspended from his duty in September . Only the No . 3 figure Shinhan Bank CEO Lee Baek - soon has held on to position while all three have allegedly engaged in irregularities . While the ongoing investigation by the prosecution into their allegations is drawing attention as time goes by , sources said that the prosecution may unveil the result in about a month . “ It seems that the prosecution ’ s imminent summoning of them will be the final stage of their investigation , ” a source said Sunday . “ The outcome may be announced as early as in about three weeks . ” The fate of Lee and group president Shin could be decided according to the coming criminal investigation result . More specifically , the issue is who and how many of the three figures will be the target of indictment by the prosecution . As the No . 1 figure chairman Ra Eung - chan resigned even before the prosecution summoned him , the additional vacancy of the remaining two posts could invite massive shake - up of the group ’ s management . Sources predict at least one of the three will be indicted while Shin and Lee both claim innocence . Shinhan Financial is struggling to block management intervention by government officials or financial regulators . The group , which Saturday selected its board member Ryoo Shee - yul as the interim chairman who will take on the post until March , plans to map out reasonable ways to recruit the next chairman without being intervened by authorities . Over the next two months , the FSS plans to widen its probe into allegations that Ra engaged in illegitimate financial transactions exploiting a great number of borrowed - name bank accounts . It is expected that inspectors , who will be dispatched to the financial group , will also look into allegations of bank CEO Lee on whether he managed the improper accounts in collusion with Ra . During the parliamentary audit on the FSS on Oct . 12 , a lawmaker claimed that CEO Lee offered 300 million won ( $ 265 , 000 ) in kickbacks to a high - level political figure . Lee is also suspected of having received some dubious money from Korean - Japanese shareholders . Shinhan bank and CEO Lee said in a statement on Sept . 2 , while Shin was serving for Shinhan Bank ’ s CEO he inappropriately made 95 billion won ( $ 80 million ) loans to his relatives . The bank also said its own inquiry found that Shin embezzled 1 . 5 billion won in bank assets . It requested that the prosecution investigate the allegations . By Kim Yon - se ( kys @ heraldm . com )