Asia-Pacific

    Hyundai Motor chairman appears to hear on arrest request

    (AP)
    Updated: 2006-04-28 09:36
    Large Medium Small

    Hyundai Motor Co. Chairman Chung Mong-koo 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.

    Hyundai Motor chairman appears to hear on arrest request
    Hyundai Motor group chairman Chung Mong-Koo walks to the Prosecutor General's office in Seoul, on April 24. South Korean prosecutors called for the arrest of the head of the Hyundai Motor group on charges of embezzling more than 100 million dollars from the country's top automaker. [AFP]

    The Seoul District Court, which will question Chung before deciding whether to grant the warrant, began the hearing at 10 a.m. (0100 GMT), court official Na Kwang-kwon said. Prosecutors on Thursday sought the warrant to detain Chung on suspicion of embezzling company funds to create a slush fund, and causing damage to the company.

    The 68-year-old head of South Korea's largest automaker entered the court in southern Seoul without being detected by reporters and photographers waiting outside.

    Lee Eun, another court official, said a decision on the warrant was likely within the day.

    Prosecutors suspect Chung of embezzling about 100 billion won (US$106 million; euro85 million) in company money to create a slush fund, and breach of trust for allegedly incurring about 300 billion won (US$320 million; euro255 million) in damages to the company, prosecution spokesman Kang Chan-woo said Thursday.

    The investigation, which began last month, has highlighted concerns in South Korea about transparency at the country's ubiquitous family-run industrial conglomerates, or chaebol, where lax corporate governance has been a problem.

    Prosecutors have raided Hyundai and three of its affiliates _ Kia Motors Corp., logistics unit Glovis Co. and auto-parts maker Hyundai Autonet _ and questioned key officials.

    Investigators say officials embezzled money from affiliates to create the slush fund and used it, via at least two lobbyists, to seek favors from the government.

    The lobbyists have been arrested on charges of receiving money from Hyundai in exchange for promises to help it win construction approvals and permits, and other business favors.

    It is unclear if the lobbyists bribed government officials. In any case, it is illegal in South Korea to accept money in return for exercising influence.

    Prosecutors said they planned to continue investigating Kia President Chung Eui-sun, though weren't planning to seek his arrest. He is the only son of the Hyundai chief.

    Last week, Hyundai announced that the Chungs planned to donate 1 trillion won (US$1.1 billion; euro849 million) worth of personal assets to society, and that the company "apologizes" for causing worries to the public over the scandal.

    亚洲AV综合色区无码一区| 韩国免费a级作爱片无码| 国产午夜无码精品免费看| 中文字幕欧美日韩在线不卡| av大片在线无码免费| 日本无码小泬粉嫩精品图| 无码超乳爆乳中文字幕久久| 国产精品无码DVD在线观看| 中文字幕乱妇无码AV在线| 99re热这里只有精品视频中文字幕| 国产精品无码无在线观看| 无码一区二区三区在线观看| 免费无码又爽又刺激网站直播| 最近中文字幕高清免费中文字幕mv| 中文无码人妻有码人妻中文字幕 | 一本久中文视频播放| 亚欧无码精品无码有性视频| 国产无遮挡无码视频免费软件| 亚洲精品无码久久久久久| 精品久久久无码21p发布| 免费精品久久久久久中文字幕| 中文字幕日本高清| 日韩电影免费在线观看中文字幕 | 中文网丁香综合网| 中文字幕久久久久人妻| 中文无码vs无码人妻 | 无码人妻一区二区三区精品视频| 久久久久亚洲av无码专区喷水| 色综合久久无码中文字幕| 亚洲国产精品无码久久| 亚洲AV无码成人精品区在线观看 | 无码少妇一区二区三区 | 亚洲?V无码成人精品区日韩| 久久国产三级无码一区二区| 久久久91人妻无码精品蜜桃HD| 国模无码一区二区三区| 亚洲高清无码专区视频| 亚洲中文字幕无码一去台湾| 亚洲精品成人无码中文毛片不卡 | 日本中文字幕在线2020| 色综合久久中文色婷婷 |