Arab Today, arab today former stx chief to stand trial for alleged graft
Last Updated : GMT 21:10:43
Arab Today, arab today
Arab Today, arab today

Former STX chief to stand trial for alleged graft

Arab Today, arab today

Arab Today, arab today Former STX chief to stand trial for alleged graft

Seoul - Yonhap

The former head of the financially troubled shipping and shipbuilding conglomerate STX Group has been indicted on charges of embezzlement and business malpractice, prosecutors said Thursday. Kang Duk-soo, who headed the group from 2003 to February 2014, is accused of diverting the funds of STX Heavy Industries Co., a troubled shipbuilder unit, to illegally support other ailing affiliates, mostly STX Construction Co., prosecutors said.

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