Korea jails Lone Star executive
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A Korean court finds US private equity firm Lone Star guilty of stock price manipulation.
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JAKARTA, Indonesia  - The only Indonesian official to be punished for violence that killed up to 2,000 East Timorese in 1999 has been released from jail, following a court decision that overturned his conviction, officials said.
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Former Samsung Semiconductor Inc executive Thomas Quinn has pleaded guilty to price fixing, and expects to serve eight months in prison, the US Department of Justice said.
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South Korea has found illegal aspects in  the 2003 sale of Korea Exchange Bank (KEB) to U.S. fund Lone  Star, a senior prosecutor said on Thursday, which may  eventually lead the courts to declare the deal void.
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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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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 United Arab Emirates court sentenced  U.S. music producer Dallas Austin on Tuesday to four years in  jail after convicting him of possessing narcotics.
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The chairman of Hyundai Motor Corporation, the world's sixth largest auto maker, has been sentenced to three years in jail after being convicted of embezzlement charges, but will remain at the helm of the company while he awaits an appeal.
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NEW YORK, Feb. 22 -- South Korean businessman and influence peddler Tongsun Park was sentenced Thursday to five years in prison for his role in the bribery scandal surrounding the United Nation's oil-for-food program for Iraq a decade ago.
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One of South Korea's richest men is given a suspended jail sentence over his conviction for a revenge beating.
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US private equity firm Lone Star's 2003 purchase of Korea Exchange Bank was illegal, prosecutors have said.
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Hyundai Motor Co. Chairman Chung Mong-koo was convicted Monday of embezzlement and other charges and sentenced to three years in prison over a slush fund scandal that has weighed on the world's sixth-largest automaker.
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The head of Hyundai Motor  was sentenced to three years in jail for embezzling funds from the world's No. 6 auto maker, dealing another blow to a company battling a rising won and restive labor unions.
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A South Korean man is jailed for five years for accepting Iraqi bribes to subvert the UN's oil-for-food program.
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Lone Star Funds, the buyout firm founded by John Grayken, plans to sell a stake in Korea Exchange Bank for as much as $1.1 billion after its move to divest entirely was derailed last year by a legal dispute. Lone Star is offering 73.1 million shares, or 11.3 percent of Korea Exchange, for 13,150 to 13.750 won ($14.19 to $14.84) a share, according to an e-mail message sent to fund managers by the Credit Suisse Group, the investment bank arranging the sale. Shares in Korea Exchange fell 1.7 percent, to 14,600 won, up 14 percent this year. Lone Star, based in Dallas, has struggled for two years to sell the controlling stake it bought in 2003 as Korean prosecutors contend that the firm purchased the shares at an artificially low price. The sale of part of the Seoul-based bank would allow Lone Star to return money to investors while the case is pending and retain a majority stake.
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A computer systems administrator was  sentenced to 30 months in prison on Tuesday for trying to  sabotage his company's servers out of fear he was about to lose  his job, prosecutors said.
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A former editor-in-chief of China's  best-selling newspaper has been sentenced to 12 years in jail  on corruption charges, state media said on Saturday.