World Business Briefing: South Korea: Hanwhaâs Chairman Indicted
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South Korean prosecutors indicted Kim Seung Yun, the chairman of an industrial company, the Hanwha Group, on six charges in connection with what the authorities say was a revenge attack on employees of a bar in Seoul. Prosecutors charged Mr. Kim and a bodyguard, both arrested on May 11, with confinement and causing bodily harm with a weapon, the Seoul Central District Prosecutorsâ Office said. A Hanwha Group spokesman, Ju Cheol Beom, declined to comment.
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The former chief operating officer of a San Carlos software company has been indicted on charges of securities fraud for an alleged scheme to inflate the company&#39;s revenue, authorities said Wednesday.
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South Koreaâs financial regulator has found accounting irregularities worth Won1,980 billion ($1.7 billion) at Hynix Semiconductor, and has warned that the worldâs second largest memory chipmaker could be fined for the violations.
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Several people and corporations &#151; including Sears and Cracker Barrel &#151; were indicted Tuesday on charges of making illegal campaign contributions through a political action committee formed by U.S. House Majority Leader Tom DeLay.
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BEIJING, Feb. 13 -- Ma Ying-jeou, leader of Taiwan's opposition Nationalist Party, was indicted on corruption charges Tuesday, seriously undermining his aspiration to become the self-ruled island's next president.
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A New York stockbroker was indicted on  Friday on charges of stealing more than $4.1 million from three  Wall Street firms, prosecutors said.
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A South Korean court on Monday found the head of Hyundai Motor Group , the world's No.6 auto maker, guilty of breach of trust and embezzling company funds.
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A former chief executive of jewelry  retailer Friedman's Inc. was indicted on conspiracy and other  charges related to an alleged accounting fraud at the company,  U.S. prosecutors said on Friday.
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The United States Embassy in Beijing confirmed on Thursday that the chairman of an American electronics distribution company had been arrested and accused of causing
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Special prosecutors are investigating accusations that the companyâs chairman, Lee Kun Hee, had amassed slush funds to bribe politicians, prosecutors and government officials.
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Kevin P. Hannon was sentenced to time in federal prison for his role in the fraud that led to the companyâs collapse.
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Prosecutors indicted a Korean bank and a Belgium-based holding company owned by Lone Star Funds, an American private equity group, on charges of stock price manipulation in connection with Lone StarÂs 2003 acquisition of the bank. Lone StarÂs vice chairman, Ellis Short, and its general counsel, Michael Thomson, already face charges of spreading false information to weaken the stock price of the Korea Exchange BankÂs credit card unit before it was bought by Lone Star. The new charges are against the bank and LSF-KEB Holdings, a paper company based in Brussels that Lone Star set up in 2003 to take over the bank, according to Chae Dong-wook, a senior prosecutor. Officials of the bank and other Lone Star officials declined to comment.
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Justice Department officials in New York will announce a criminal indictment of Democratic fundraiser Norman Hsu today on charges he orchestrated a $60 million fraud scheme and committed related federal campaign finance crimes.
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The chairman of Lone Star Funds, testifying Friday in a high-profile South Korean trial involving allegations the U.S. buyout group engaged in stock price manipulation, denied the fund did anything illegal.
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Former Hewlett-Packard Co. chairwoman Patricia Dunn made a brief court appearance Thursday in Santa Clara County, California, to face four state felony charges in the HP boardroom scandal. Superior Court Judge Alfonso Fernandez scheduled her arraignment for Nov. 17, at which she will enter a plea to charges in the case.
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TOKYO (CBS.MW) - South Korea&#39;s anti-monopoly watchdog said Monday it has expanded investigations into Microsoft Corp. after RealNetworks Inc.
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Lone Star FundsÂ 1.4 trillion won ($1.5 billion) purchase of the Korea Exchange Bank in 2003 was illegal, South Korean prosecutors said, setting up a court case that may cause the sale to be annulled. A former finance ministry official, Byeon Yang-ho, took bribes and conspired with the former president of Korea Exchange, Lee Kang-won, to drive down the sale price by as much as $900 million, the Supreme ProsecutorsÂ Office said. Mr. Byeon denied the accusations. Regulators will determine whether the sale should be voided, said Chae Dong-wook, a prosecutor. Last month Lone Star abandoned the sale of the bank to Kookmin Bank for a profit of about $4 billion because of the investigations. ÂIt is the same old broad conspiracy theory that never made any sense and still is not supported by any hard evidence,Â Lone StarÂs chairman, John Grayken, said in a statement.