World Business Briefing | Asia: South Korea: Companies Indicted
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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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Two Chinese companies and an American importer were indicted  on charges of intentionally defrauding American manufacturers about poisonous ingredients used in pet food.
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A U.S. citizen and a Chinese national have been indicted in California on charges of conspiring to steal high-tech trade secrets, which they hoped to develop from venture capital from the Chinese government.
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SEOUL: Hynix Semiconductor may be fined for shoddy accounting between 1999-2003, South Korea&#39;s financial regulator said. News of Hynix&#39;s accounting violations comes after the CEO of Kookmin Bank, South Korea&#39;s
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Prosecutors from a special team investigating Samsung Group  is raiding the headquarters of its flagship Samsung Electronics Co Ltd , YTN TV reported on Thursday.
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A grand jury has indicted 17 people and a corporation on charges of identity theft, worldwide trafficking in stolen credit card numbers and other crimes committed using the Internet, prosecutors said Wednesday.
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TWO of the worldâs biggest electronics companies have hammered out a deal that should help keep them out of the courtroom. Japanese electronics icon Sony and South Korean rival Samsung, the worldâs leading
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Samsung Electronics Co. Ltd.  is being investigated by fair trade watchdogs in South Korea, Japan and the United States, the second Korean flat screen maker named in a probe into possible price-fixing, a news agency report said on Tuesday.
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South Korean investigators have examined a huge art collection stored in Samsung Group warehouses to see whether any were purchased with an alleged slush fund, officials and news reports said Tuesday.
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New York; September 23, 2004 - The Department of Justice (DoJ), FBI and US Attorney&#39;s Office handed down a 10-count indictment against former Computer Associates (CA) chairman and CEO Sanjay Kumar and Stephen Richards, former CA head of worldwide sales.
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By Frances Williams in Geneva, Anna Fifield in Seoul and Raphael Minder in Brussels. A World Trade Organisation panel on Wednesday handed down a mixed verdict on a European Union complaint against alleged illegal subsidies to South Korean shipbuilders.
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Prosecutors made a second request for a warrant to arrest a former finance ministry official caught up in the sale of the Korea Exchange Bank to Lone Star Funds, a private equity fund in the United States. In making the request, the government added accusations of bribery and distorting evidence against the former official, Byeon Yang-ho. Mr. Byeon, who headed the financial policy bureau in 2003 when Lone Star acquired a 50.5 percent stake in Korean Exchange for $1.5 billion, is accused of conspiring to overstate the bankÂs financial problems to reduce the price. The Seoul Central District Court plans to hold a hearing this week on the request for the arrest warrant. Lone Star canceled its plan last week to sell the stake to Kookmin Bank for $7.4 billion.
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The captains of two vessels that triggered a massive oil spill in South Korea are charged with negligence.
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Expatriate New Zealander Stephen Richards, formerly global head of sales at Computer Associates in the US, has been indicted on charges of securities fraud conspiracy and obstruction of justice, along with former CA chief executive Sanjay Kumar.
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By AVRUM D. LANK  A former executive of Sigma-Aldrich Corp. has been indicted in a kickback scheme alleging he and a Pittsburgh man defrauded the company of millions of dollars.  Robert E.
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Two Chinese firms and a US food importer are indicted in the US for their alleged role in a tainted pet food scandal.
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Prosecutors have launched criminal proceedings against a Ukrainian company suspected of smuggling surface-to-air missiles and other weapons abroad for a possible sale to insurgents fighting the U.S.-led ...