Hyundai Chairman Chung arrested
(AP)
Updated: 2006-04-28 22:17
Prosecutors on Friday arrested Hyundai Motor Co. Chairman Chung Mong-koo in
an embezzlement and slush fund scandal engulfing South Korea's largest
automaker, an official said.
Hyundai Motor Co. Chairman Chung Mong-koo,
center, comes out from the Seoul District Court in Seoul, Friday, April
28, 2006. Chung appeared in court Friday for a hearing on a request by
prosecutors to arrest him on suspicion of embezzling company funds, a
court official said. [AP] |
Chung's arrest, announced by prosecution spokesman Kang Chan-woo, came after
the Seoul District Court earlier issued a warrant.
Prosecutors suspect Chung of embezzling company funds to create a slush fund
and of causing damage to the company.
|