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Prosecutors raid SK Group in connection with alleged slush fund case at SK Networks Posted : 2021-03-05 17:46 Updated : 2021-03-05 18:00 SK Group Chairman Choi Shin-won leaves the Seoul Central District Court in Seocho District after a hearing on Feb. 17 on charges of embezzlement and breach of trust. Yonhap Prosecutors on Friday raided SK Group s headquarters to see if the group is involved in the alleged creation of an illicit fund by the chairman of the SK Networks Co., a global trading unit of the group. The anti-corruption unit of the Seoul Central Prosecutors Office said prosecutors and police investigators from the unit were searching the SK Group headquarters in Seoul to secure evidence for an investigation into the slush fund allegation. ....
Arrest warrant issued for SK Networks chairman over alleged slush fund Posted : 2021-02-17 21:11 Updated : 2021-02-17 21:16 SK Networks Chairman Choi Shin-won leaves a courtroom after his arrest warrant hearing at the Seoul Central District Court, Wednesday. Yonhap An arrest warrant was granted on Wednesday for Choi Shin-won, the chairman of SK Networks, a general trading company, on suspicion of setting up a slush fund. Choi is facing charges of embezzlement and breach of trust related to the alleged illicit fund, which has been under investigation by the anti-corruption unit of the Seoul Central District Prosecutors Office. He is a son of late SK Group founder Chey Jong-gun and a cousin of Chey Tae-won, chairman of SK Group, a telecom-to-chemicals conglomerate. ....