Arrest Warrants Sought for 8 Petrochemical Executives over Alleged Price Fixing
6 Articles
6 Articles
The Korea Times
bhaskarlive.inArrest warrants sought for 8 petrochemical executives over alleged price fixing
Prosecutors on Monday requested arrest warrants for eight current and former executives of domestic petrochemical companies suspected of engaging i...
The Seoul Central District Prosecutors' Office has requested arrest warrants for eight executives from seven companies, including OCI and PKC, suspected of price-fixing for petrochemical products worth trillions of won. The prosecution is investigating after detecting indications that they colluded on PVC prices in advance by exploiting the instability in naphtha supply.
(Seoul = Yonhap News) Reporter Choi Yoon-sun = The prosecution is moving to secure the custody of former and current executives of a domestic petrochemical company suspected of collusion worth trillions of won.
Eight current and former leaders of major South Korean petrochemical companies face arrest warrants for exploiting Middle Eastern tensions to collude in price fixing and reap illicit profits of trillions of won. South Korea prosecutes four lawmakers for obstructing the arrest of former President Yoon Suk Yeol. South Korea: Seoul court rejects arrest warrant for former Prime Minister Han Duck Soo. South Korea arrests head of Defense Intelligence …
The prosecution has requested arrest warrants for eight people, including executives of major companies, suspected of colluding on the prices of petrochemical products worth trillions of won, taking advantage of the instability in the supply of raw materials caused by the Middle East war.
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