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District prosecutors' offices nationwide are investigating irregularities at public corporations in a concerted effort announced when the new government was inaugurated. The Supreme Prosecutors' Office's Central Investigation Bureau on Monday said the offices ¡°are openly or secretly investigating 20 public corporations and government-funded agencies."
Among them, prosecutors are currently investigating corruption and irregularities involving a number of officials at the Korea Coal Corporation, Korea Securities Depository, and Korea Exchange. They have banned the officials from overseas travel, searched their offices, and traced their bank accounts.
The CIB has received the devastating findings of an inspection of 31 public corporations conducted by the Board of Audit and Inspection in March and April. It seems likely that the number of public agencies subject to the criminal investigation will increase further. The watchdog's inspection report found fault with the management of about a dozen public corporations including KEPCO and the Korea National Housing Corporation.
(englishnews@chosun.com )
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