SK chief facing arrest for embezzlement
The Korea Times reported that the arrest warrant was issued on Feb. 17, and this is in connection with the Seoul Central District Prosecutors Office’s anti-corruption unit’s investigation on the SK Network s chairman’s possible corruption practice.
The authorities may charge Choi Shin Won for breach of trust due to his setting up of illegal fund account and corruption. The probe on the suspected slush fund started when in 2018, the Korea Financial Intelligence Unit (KoFIU) that operates under the Financial Services Commission (FSC) noticed highly suspicious cash flows at SK Networks amounting to KRW20 billion or about $18.3 million.
Arrest warrant issued for SK Networks chairman over alleged slush fund
Posted : 2021-02-17 21:11
Updated : 2021-02-17 21:16
SK Networks Chairman Choi Shin-won leaves a courtroom after his arrest warrant hearing at the Seoul Central District Court, Wednesday. Yonhap
An arrest warrant was granted on Wednesday for Choi Shin-won, the chairman of SK Networks, a general trading company, on suspicion of setting up a slush fund.
Choi is facing charges of embezzlement and breach of trust related to the alleged illicit fund, which has been under investigation by the anti-corruption unit of the Seoul Central District Prosecutors Office.
He is a son of late SK Group founder Chey Jong-gun and a cousin of Chey Tae-won, chairman of SK Group, a telecom-to-chemicals conglomerate.
3 officials from McDonald s supplier get suspended prison sentences for selling tainted patties
Posted : 2021-01-26 17:38
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Three officials from a burger patty supplier for McDonald s Korea were given suspended prison sentences by a local court Tuesday for providing patties potentially contaminated with E. coli to the local unit of the global fast-food giant.
A managing director of the supplier, whose name was withheld, and two mid-ranking officials in charge of production and quality management, respectively, were indicted without detention in 2018 for allegedly distributing 63 tons of beef patties that tested positive for intestinal hemorrhagic E. coli contamination.
In addition, they were charged with selling 2,160 tons of beef patties with Shiga toxin genes detected in a PCR (polymerase chain reaction) test, a test method that amplifies DNA. Shiga toxin is a toxin component released from intestinal hemorrhagic E. coli.