Arab Today, arab today arrest warrant sought for tong yang group chief for fraud
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

Arrest warrant sought for Tong Yang Group chief for fraud

Arab Today, arab today

Arab Today, arab today Arrest warrant sought for Tong Yang Group chief for fraud

Seoul - Yonhap

Prosecutors said Tuesday they have sought an arrest warrant for the head of embattled Tong Yang Group for fraud and malpractice in issuing and selling financial products. The 65-year-old Chairman Hyun Jae-hyun is accused of leading the issuance of fraudulent corporate bonds and commercial paper worth over 2 trillion won (US$1.86 billion) since around 2007 and deliberately filing for court receivership of its five affiliates last October, inflicting heavy losses on investors and firms.

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Arab Today, arab today arrest warrant sought for tong yang group chief for fraud Arab Today, arab today arrest warrant sought for tong yang group chief for fraud

 



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