Hyundai Probe Widens
April 17, 2006
A probe into graft at South Korea's Hyundai Motor widens as police briefly detain two senior executives on suspicion of creating a slush fund for illegally lobbying policymakers. And China signs a deal to save air travelers time, cut airlines' costs, and reduce air pollution levels.
Legal scrutiny of South Korea's number one automaker, Hyundai Motor, has intensified, with Chief Financial Officer Lee Jung-dae and Vice President of Accounting Kim Seung-nyun being detained for several hours Friday in connection with a bribery investigation.
South Korean police say they plan to question Hyundai Motor Chairman Chung Mong-koo after his return from a business trip to China. They also plan to question his son, Chung Eui-sun, who runs Hyundai affiliate, Kia Motors.
This article is an excerpt from an Asian business report titled, "Hyundai Probe Widens, China Implements Time-Saving Flight Routes"
|Connect with The Crittenden Automotive Library|