Arab Today, arab today former stx chief under arrest for alleged graft
Last Updated : GMT 09:22:01
Arab Today, arab today
Arab Today, arab today

Former STX chief under arrest for alleged graft

Arab Today, arab today

Arab Today, arab today Former STX chief under arrest for alleged graft

Seoul - Yonhap

The former head of the financially troubled shipping and shipbuilding conglomerate STX Group was formally detained Tuesday pending trial over alleged embezzlement and business malpractice. Kang Duk-soo, who headed the group from 2003 to February 2014, is accused of funneling the funds of STX Heavy Industries Co., a troubled shipbuilder unit, to illegally support other ailing affiliates, including STX Construction Co. and STX Dalian Co., and misappropriating company money to bribe politicians.

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