South Korea police seeking arrest warrant for Hanjin chief
[SEOUL] South Korean police are seeking an arrest warrant for Cho Yang-ho, chairman of Hanjin Group, the parent of Korean Air Lines Co Ltd, on charges of breach of trust following their probe into construction work at his house, a police official said on Monday.
In July, police raided the headquarters of Korean Air Lines, South Korea's top airline, as part of an investigation into allegations that company funds were used to pay for the renovation work at Cho's home.
A Korean Air spokesman declined to comment.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’