Friday, October 19, 2018

Korean Air chief / China generals expelled / Indonesia seizes bribes

Korean Air chief indicted on embezzlement, other charges: prosecutors.  Korean Air Lines Chairman Cho Yang-ho was indicted on Monday on charges including embezzlement and breach of trust, South Korean prosecutors said, adding to a string of woes at the country’s biggest airline group.

Heekyong Yang/Reuters: https://www.reuters.com/article/us-korean-air-probe/korean-air-chief-indicted-on-embezzlement-other-charges-prosecutors-idUSKCN1MP0GS

 

China expels two top former generals from Communist Party for corruption.  China expelled two disgraced former generals, Fang Fenghui and Zhang Yang from the Communist Party for corruption – the latter posthumously - saying the pair’s disloyalty and greed had damaged the military, according to the state media.

Philip Wen/Reuters:https://www.reuters.com/article/us-china-corruption-military/china-expels-two-top-former-generals-from-communist-party-for-corruption-idUSKCN1MQ1HC

 

$90k worth of Singapore currency seized in Indonesia's latest corruption raid.  KPK seized roughly 102,000 USD in cash which is allegedly just a small portion of a 13 billion rupiah commitment fee that the private company promised to give rogue high-ranking local bureaucrats in Bekasi, a satellite town of Jakarta, to “smooth out” a process to get relevant permits for Lippo's Meikarta property project.

Wahyudi Soeriaatmadja/The Straits Times: https://www.straitstimes.com/asia/se-asia/90k-worth-of-singaporean-currency-seized-in-indonesias-latest-corruption-raid

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