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Article: PROSECUTORS WEIGHING FATE OF HYUNDAI MOTOR FAMILY.
- Article from:
- AsiaPulse News
- Article date:
- April 24, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, April 24 Asia Pulse - Prosecutors investigating Hyundai Motor Co.'s (KSE:005380) slush fund and bribery allegations began questioning the automaker's Chairman Chung Mong-koo Monday in what many analysts have said is the final step in the one-month investigation.
It remained unclear whether the 68-year-old chairman would be detained or not, but prosecutors were reportedly struggling over how to wrap up their investigation into one of the country's most powerful industrial conglomerates.
The case is expected to be a touchstone for South Koreans regarding illegal financial activities and corporate malfeasance by owners of the country's family-run ...