Prosecution raids Kumho Petrochemical over slush fund
Social affairsApr 12, 2011
The prosecution Tuesday raided Kumho Petrochemical headquarters and offices of its business partners to look for proof of alleged embezzlement to create slush funds. Investigators from the Seoul Southern Prosecutors’ Office seized hard disks containing accounting information. “We have found circumstantial evidence that Kumho Petrochemical misappropriated company money to amass slush funds, but it