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Arrest warrant sought for Korean Air chief on tax evasion, embezzlement charges

All Headlines 13:52 July 02, 2018

SEOUL, July 2 (Yonhap) -- Prosecutors sought an arrest warrant for Korean Air Lines Co. Chairman Cho Yang-ho on Monday on charges of tax evasion and embezzlement.

Cho, 69, has been under investigation over suspicion that he dodged over 50 billion won (US$45 million) worth of inheritance tax and embezzled some 20 billion won from company funds by unfairly awarding business contracts to companies controlled by his family.

He was questioned by prosecutors last Thursday.

elly@yna.co.kr
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