SEOUL: Chey Tae-won, the chairman of South Korea’s biggest oil refiner, SK Corp, was sentenced to three years in jail yesterday for his part in a US$1.2bil accounting fraud.
SK Group chairman Son Kil-seung was also found guilty of a similar offence and sentenced to a suspended three-year jail term. Eight other executives were given suspended sentences of between one-and-a-half and three years.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!