When the subject is this employee, you need to make sure that you didn't know about the loan before. You haven't read this contract and signed anything strange. What we are dealing with now is that the boss colluded with the loan officer to defraud the loan. I suggest you report the case to the police first, just like the boss defrauds the bank loan without your knowledge and consent. Then I declared to the court that the loan was false, and I didn't know. I asked for handwriting identification of the loan contract and investigation of the actual whereabouts of the loan.

You don't have to worry about whether the bank will sue the boss or the loan officer. Just keep your innocence first.