SOUTH KOREA: Four more Daewoo arrests
Four former Daewoo executives were arrested late last week, bringing the total arrested to seven, writes Associated Press (AP). Prosecutors, who are accusing the bankrupt conglomerate of operating a multi-billion pound slush fund via its London office, arrested three former executives of Daewoo's flagship trading arm, Daewoo Corp., alongside the former president of Daewoo Motor Co., on charges of fraud and violation of foreign exchange laws.
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