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Read More »Hyundai Motor Chairman Indicted in Embezzlement, Fund Scandal
SEOUL, South Korea – Prosecutors indicted Hyundai Motor Co. Chairman Chung Mong-koo on Tuesday in an embezzlement and slush fund scandal gripping South Korea’s largest automaker. Chung, 68, has been in custody since being arrested on April 28 on suspicion of embezzling about 100 billion won (US$106 million) in company …
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