corruption

We're not sure what's more amusing about this story, the obvious and clichéd abuse of power or the retro charm of dialing the wrong fax number. C'mon, who even faxes anymore? We've gotten so used to people getting busted by accidentally e-mailing everyone in their address book or slipping ...

Wards Auto is reporting that China is attempting to put a stop to rampant corruption by its government officials, especially when it comes to automotive purchases and embezzling. The People's Republic currently spends somewhere between $46.5 billion and $62.1 billion at current conversion rates ...

Hyundai chairman Chung Mong-koo put up bail to the tune of $1 million last week to be freed from jail after being imprisoned for two months on corruption charges that involved using company funds for personal and political use. The 68-year-old executive, who showed up to court appearances in a ...

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 ...

As part of an act of contrition for the bribery scandal rocking Hyundai Motor Group, the company is donating $1.05 billion dollars to charity. The word came Wednesday as Hyundai vice chairman Lee Jeon-kap issued a formal apology for the corporate malfeasance currently under investigation. The ...

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 ...

A whistleblower-spurred inquiry into 'improper payments' (read: bribes) has led DaimlerChrysler to let go or suspend several employees on three continents. The mole in question claims that he was fired after complaining to his bosses regarding a 'secret bank account' employed to bribe foreign ...

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 ...