Main Korean culprit in large-scale loan fraud gets 20-year prison term
KT ENS company
Seoul - Yonhap
A Seoul court on Wednesday sentenced the chief of a subcontractor of telecom giant KT Corp.'s financially troubled affiliate to 20 years in prison for masterminding a large-scale loan fraud.
The 46-year-old chief of Joonangtnc Co.Ltd, surnamed Seo, was found guilty of colluding with other employees of KT ENS Co., a subsidiary of the country's No. 2 mobile operator KT Corp., to take out some 1.83 trillion won (US$1.71 billion) in loans from 16 local banks using forged documents from May 2008 to January 2014.
GMT 13:21 2018 Thursday ,06 December
China demands Canada release Huawei's chief financial officerGMT 16:21 2018 Monday ,12 November
EU-Egypt partnership agreement to be fully applied in 2019GMT 18:24 2018 Tuesday ,23 January
French court throws out tax fraud case against JP MorganGMT 16:09 2018 Tuesday ,16 January
Strikes as Greece adopts industrial action revampGMT 14:08 2018 Friday ,12 January
Time over money? German union champions 28-hour work weekGMT 13:27 2018 Tuesday ,09 January
German metalworkers start strikes for 28-hour weekGMT 14:49 2018 Friday ,05 January
Lithuanian doctors rally for pay rise to halt exodusGMT 09:03 2017 Friday ,29 December
Watchdog slams Lufthansa over 'algorithm' price hikesRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 06:48 2017 Thursday ,03 August
Tangier Tech project will be ready on timeGMT 09:36 2011 Saturday ,15 October
Geo-political values of Iran-Pakistan gas
GMT 14:22 2016 Wednesday ,09 November
Oman Crude Oil Financial contract closes at US$43.07
GMT 10:45 2017 Monday ,30 January
Results of French first-division soccer league
GMT 11:35 2017 Thursday ,16 March
Morocco Exhibits Cultural Heritage at Moscow
GMT 05:07 2017 Tuesday ,28 March
Libya’s NOC warns of attempt at independent crude sales
GMT 19:29 2016 Wednesday ,13 April
One killed, 4 others wounded in armed attack in Misrata
GMT 05:34 2017 Saturday ,08 April
Traveler's tips: How and why to book a train in Europe
GMT 12:28 2016 Thursday ,12 May
Sharp posts full-year loss; Hon Hai executive to take helm
GMT 16:31 2013 Tuesday ,20 August
Copper found to trigger Alzheimer’s disease
GMT 07:25 2018 Monday ,15 October
Tanween festival: Seeking the unusual? You’ll find it at Ithra
GMT 06:28 2014 Friday ,21 March
Hyundai Glovis opens new auto parts export plant in South Korea
GMT 15:21 2013 Monday ,18 February
Ammroc to earn 45% of revenue from Middle East
GMT 22:22 2017 Monday ,17 April
Google to open up Android to rivals in out-of-court deal with RussiaGMT 08:15 2011 Thursday ,18 August
KSE stocks register marginal rise
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor