A top Hyundai executive was convicted of delivering cash to a political candidate in 2002.
With charges flying - Hyundai executives are also suspected of embezzlement, tax evasion, misuse of public funds, and illegally transferring stock ownership - the company announced it would make a $1 billion donation to social-welfare programs to atone for illicit activities and restore public confidence. It also apologized for failing to meet its "social obligations" and causing public concern. But the Chungs failed to admit any wrongdoing, and their offer of charity apparently was not enough to deter prosecutors.)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment