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 08:16 2017 Monday ,24 July
Malaysia condemns clashes between Israeli forces, Palestinians
GMT 11:32 2016 Saturday ,07 May
Canadians drive through burning city seeking safety
GMT 07:30 2015 Thursday ,09 April
India court convicts ex-Satyam chiefGMT 02:19 2012 Sunday ,22 January
Dior VIII Wristwatch
GMT 12:03 2013 Saturday ,21 September
Rock Beauty unveils new Nail Rockits
GMT 11:08 2017 Friday ,24 November
President Sisi had busy schedule last week 5 Cairo
GMT 12:22 2017 Thursday ,10 August
5 dead, 50 missing as smugglers throw 180 migrants into Yemen seaGMT 12:42 2012 Wednesday ,29 August
Jessica Alba dons lighter hair
GMT 12:34 2017 Tuesday ,28 November
Investment minister inspects preparations for Africa 2017
GMT 12:33 2017 Monday ,29 May
Iraqi Writers Union nominates
GMT 11:45 2017 Monday ,17 July
Egyptian team ready for IHF Men's Junior World Championship in AlgeriaGMT 10:24 2012 Friday ,13 April
High-pressure preschools: how much is too much
GMT 15:56 2016 Tuesday ,15 March
Bayern want no repeat of Juventus fightback in Champions League
GMT 15:37 2017 Friday ,03 February
Advertisers eye winning Super Bowl strategy
GMT 11:20 2017 Wednesday ,15 February
Reunions abound as Man Utd tackle Saint-Etienne
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