SK chief facing arrest for embezzlement
The Korea Times reported that the arrest warrant was issued on Feb. 17, and this is in connection with the Seoul Central District Prosecutors Office’s anti-corruption unit’s investigation on the SK Network s chairman’s possible corruption practice.
The authorities may charge Choi Shin Won for breach of trust due to his setting up of illegal fund account and corruption. The probe on the suspected slush fund started when in 2018, the Korea Financial Intelligence Unit (KoFIU) that operates under the Financial Services Commission (FSC) noticed highly suspicious cash flows at SK Networks amounting to KRW20 billion or about $18.3 million.