- Mar 27, 2006
Hyundai's Seoul headquarters stormed by corruption probe investigators
South Korean officials descended upon Hyundai's headquarters, carting off around 100 boxes of data from the companies southern Seoul offices. The move came as the latest development in a corruption probe surrounding a prominent business lobbyist.
The investigation centers around the arrest of Kim Jae-Rok, a business consultant accused of bribing officials and politicians, along with arranging unlawful bank loans while coordinating mergers and takeovers. In this case, the search and seizure at Hyundai's offices stem from the Hyundai-Kia merger back eight years ago.
[Source: AFP via TurkishPress.com]