
The state audit agency said Friday it has filed a complaint with the prosecution against a former chief of the state-run oil company for incurring a huge loss from a shady takeover deal he led while in office.
The move came after the Board of Audit and Inspection of Korea found that the Korea National Oil Corp. (KNOC) suffered a loss of around US$279 million in the firm's shady acquisition of the Canadian refining firm, North Atlantic Refining Limited (NARL), in 2009.
GMT 15:13 2018 Saturday ,20 January
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EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
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