Prosecuting attorneys in South Korea have requested an arrest warrant for Chairman Chung Mong-Koo of the Hyundai Motor Group. The paperwork is being sought on charges that the executive embezzled $106 million via slush funds, using some of the ill-gotten gains to graft government officials, among other accusations. The warrant filing comes just days after the chairman was interrogated for better than half the day on Monday.
His son, Chung Eui Sun is also being checked out closely by authorities, but no arrest appears immediately forthcoming, as there is more investigating to be done.
[Sources: AFP via TurkishPress.com; The Korea Times]