June 29, 2018 11:56
Korean Air chairman Cho Yang-ho was questioned by prosecutors on Thursday on charges of breach of trust, embezzlement and tax evasion.
Appeared at the Seoul Southern District Prosecutors' Office, Cho told reporters, "I'll tell prosecutors everything. I'm sorry."
It is customary for senior Korean figures involved in scandals to apologize for "causing trouble" even while they deny charges.
Prosecutors grilled him mainly on suspicion of breach of trust in paying brokerage fees to a company owned jointly by his children in the process of purchasing in-flight duty-free goods.
They also asked him whether he embezzled millions of dollars from corporate accounts to pay the legal fees of his daughter Hyun-ah in the notorious "nut rage" scandal in 2014 (US$1=W1,121).
He denied most of the allegations, according to prosecutors.
Cho and his brothers are also charged with failing to pay about W50 billion in inheritance taxes when they inherited overseas assets from their father, Hanjin Group founder Cho Choong-hoon.
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