http://english.yna.co.kr/Engnews/20050614/610000000020050614203634E0.html
SEOUL, June 14 (Yonhap) -- Daewoo Group founder Kim Woo-choong, who was taken into custody early Tuesday morning after returning from nearly six years in exile overseas, will be formally arrested on fraud charges Wednesday at the earliest, the prosecution said...
Kim faces three primary charges -- doctoring accounting books to inflate the group's assets by 41 trillion won (US$40.8 billion), borrowing 9.2 trillion won on the basis of the fraudulent books and smuggling about 25 trillion won abroad through Daewoo's secret financing unit, the British Finance Center.
So, he hid money and gave it to politicians and sent some over seas. Hmmm, I guess if he instead gave it to the DPRK he would have got a Nobel Prize?
Tuesday, June 14, 2005
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