ID :
183713
Mon, 05/23/2011 - 05:21
Auther :
Shortlink :
https://oananews.org//node/183713
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Orion Group chairman questioned by prosecutors in slush fund probe
SEOUL (Yonhap) - Orion Group Chairman Tam Chul-gon was summoned by prosecutors on Monday to face questioning over alleged corruption at the leading confectionery and media conglomerate, officials said.
Tam, the son-in-law of late Orion founder Lee Yang-ho, arrived at the Seoul Central District Prosecutors' Office in southern Seoul at around 9:00 a.m. and entered the building without making any comment, the officials said.
The 56-year-old Orion chairman is suspected of ordering the group's executives to create slush funds worth about 10 billion won (US$9.2 million) and exploiting the money for personal purposes, according to prosecutors.
Tam's summons came a week after prosecutors raided his home as part of a widening probe into allegations of slush fund creation and embezzlement that are engulfing Orion, widely known as the producer of "Choco-Pie" products.
Prosecutors have been investigating Orion over the suspicions since March.
Early this month, one of the key executives at the group was indicted on charges of raising slush funds and embezzling the money, according to prosecutors.
Tam, the son-in-law of late Orion founder Lee Yang-ho, arrived at the Seoul Central District Prosecutors' Office in southern Seoul at around 9:00 a.m. and entered the building without making any comment, the officials said.
The 56-year-old Orion chairman is suspected of ordering the group's executives to create slush funds worth about 10 billion won (US$9.2 million) and exploiting the money for personal purposes, according to prosecutors.
Tam's summons came a week after prosecutors raided his home as part of a widening probe into allegations of slush fund creation and embezzlement that are engulfing Orion, widely known as the producer of "Choco-Pie" products.
Prosecutors have been investigating Orion over the suspicions since March.
Early this month, one of the key executives at the group was indicted on charges of raising slush funds and embezzling the money, according to prosecutors.
