Prosecutors said Thursday they have raided a Seoul branch of a British international school over allegations it embezzled billions of won of school expenses.

The Seoul Central District Prosecutors' Office said it raided Dulwich College Seoul in the Seocho district, south side of the city, on Monday and confiscated school management records and bank statements.

The school is reported to have established a paper company abroad and embezzled the school funds.

Dulwich College Seoul, which opened in 2010, provides courses for primary and secondary students. The tuition fee is known to be around 30 million won ($25,700) a year, far surpassing that of other schools here.

After analyzing the confiscated documents, prosecutors are planning to summon the school's working group to check the facts. (Yonhap)