Illegal Investment Practices News

Korean Prosecutors: Hyundai, Kia Motors Involved in Money Laundering Scheme

At a glance:

Officials from four Korean investment companies are among suspects arrested in a vast money-laundering scheme involving Hyundai and Kia Motors.
 
The charge is that "slush fund" money was funneled through the companies which illegally profited from the scheme.
 
The President of Kia Motors, Chung Eui-sun, was also arrested.


Money Laundering Probe Targets Hyundai

Donga - 4/4/2006 2:20 PM

Officials from four Korean investment companies are among suspects arrested in a vast money-laundering scheme involving Hyundai and Kia Motors.
 
The charge is that "slush fund" money was funneled through the companies which illegally profited from the scheme.
 
The President of Kia Motors, Chung Eui-sun, wa

 
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