The office confiscated accounting documents and computer disks from the company head office of Kumho Petrochemical Co. in Seoul.
“Circumstantial evidence indicated that the slush fund was generated by embezzling company money,” a prosecutor said to Korea Times as saying.
The company has been suspected of having amassed the slush fund by paying more money than actual costs to subcontractors and redirecting the difference, the prosecutors said.
(아주경제 송지영 기자)
Copyright ⓒ Aju Press All rights reserved.