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Home › Former POSCO chief indicted over alleged corruption

 

Former POSCO chief indicted over alleged corruption

2015-11-11 09:24:57| Steel - Topix.net

Prosecutors said Wednesday they have indicted the former chief of the country's top steelmaker POSCO over alleged bribery and breach of trust which cost the company more than a hundred billion won in losses. Chung Joon-yang is suspected of providing kickbacks to Lee Sang-deuk, the elder brother of former President Lee Myung-bak, to solve one of the company's key problems - a height limitation on its factory buildings, the Seoul Central District Prosecutors' Office said in a press briefing.

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