Former KT chief summoned over alleged graft
Social affairsDec 19, 2013
The former head of local telecom giant KT Corp. was called in by prosecutors Thursday over alleged managerial wrongdoings and slush fund creations.Lee Suk-chae, who resigned last month amid mounting suspicions, showed up at the Seoul Central District Prosecutors' Office in southern Seoul around 9:50 a.m. to undergo questioning.Prosecutors have alleged that Lee inflicted huge losses on KT, the country's top fixed-line operator and No. 2 mobile carrier, by intentionally making poor investments and