Former Korea Telecom Chairman Questioned by State Prosecutors
Published on: 26th Dec 2013
Korea Telecom's former Chairman Lee Suk chae has been questioned again by state prosecutors investigating allegations of graft and malpractice at the company.
He resigned last month following raids on company offices by investigators looking into the allegations.
He has been questioned already over claims that he set up a slush fund by inflating the wages of several unnamed executives at the company. He is all accused of forcing through investments in favoured suppliers, even though the products offered lead to known losses for the company he headed.
There also claims that he forced through the sale of nearly 40 office buildings at below market rates, causing financial losses for the telecoms company.
The allegations were sparked by a complaint filed earlier this year by a consumer rights group.
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