Korean prosecutor arrests KTF CEO on bribery charges

Friday 19 September 2008 | 13:50 CET | News
The telecommunications industry is holding its collective breath over the investigation of Korean mobile phone operator KTF's chief executive officer, writes the Korea Times. KTF's CEO Cho Young-joo was arrested after an internal investigation on charges of receiving bribes from subcontractors providing transmission equipment. The Seoul Central District Prosecutors' Office has questioned Cho, who is under an overseas travel ban, over whether he took money from subcontractors in exchange for business favours. The prosecution could apply to the court for a full arrest warrant for Cho on charges

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Categories: Mobile & Wireless
Companies: KTF
Countries: Korea, Republic of
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