General News

S. Korea's Daewoo Construction Raided Over Bribery Charges

Police raided the headquarters of South Korea's Daewoo Engineering & Construction Co. on Friday as part of their probe into allegations that the firm received bribes from a local contractor who is being currently investigated over a sex-for-favors scandal.

The National Police Agency (NPA) has been looking into allegations that a construction contractor, surnamed Yoon, provided various kickbacks to the construction firm through a broker in exchange for winning a contract to build a golf course in Chuncheon of Gangwon province.

Yoon is at the center of a scandal in which he allegedly hired women to provide sexual favors to a number of high-profile figures in return for business benefits.

"Friday's raid was to secure relevant documents as there is circumstantial evidence of an alleged bribery exchange between Yoon and Daewoo Construction," South Korea's Yonhap news agency quoted an NPA officer as saying.

Yoon is suspected to have provided sexual entertainment between 2009 and 2011 to influential figures from all walks of life to gain business benefits, including winning construction contracts, or favorable treatment in several lawsuits against him.

Police are also expected to summon former Vice-Justice Minister Kim Hak-ui, one of the people who allegedly attended the sex parties hosted by Yoon, for questioning. Both Yoon and Kim were banned from leaving the country, the report said.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More General News