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South Korean yards in bribery scandal

15 executives at South Korean Yards have been arrested by the police on suspicion of taking bribes. 12 of the executives comes from Hyundai Samho Heavy Industries and three are from Daehan Shipbuilding, Sea Trade Asia online report.

South Korean yards in bribery scandal
09 November 2010 - 04:02

15 executives at South Korean Yards have been arrested by the police on suspicion of taking bribes. 12 of the executives comes from Hyundai Samho Heavy Industries and three are from Daehan Shipbuilding, Sea Trade Asia online report.

All together the executives are believed to have taken ”hundreds of million won” in bribes (WON 100 million equals USD 91 million).

13 sub contractors are also under investigation for taking bribes.

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