SEOUL, South Korea (AFP) — Prosecutors on Wednesday raided Daewoo Shipbuilding and Marine Engineering Co. (DSME), one of South Korea’s three giant shipbuilders, as they probe a suspected accounting fraud, the company said. Some 150 staff from the Supreme Prosecutors’ Office stormed the DSME headquarters in Seoul and its Okpo shipyard on the southern island of Geoje. “This morning, they started collecting accounting books, computer hard disks and other documents,” a spokesman of the company […]
Tag: Prosecutors
Prosecutors extend Korea ferry captain’s detention as death toll mounts
By Ju-min Park and Jungmin Jang JINDO/MOKPO, South Korea Sun Apr 20, 2014 1:56am EDT Reuters) – South Korean prosecutors investigating a ferry disaster said on Sunday they would seek to extend the detention of the ship’s captain and two other crew by 10 days as they tried to determine the cause of an accident that may claim more than 300 lives. The ferry, the Sewol, was on a 400-km (300-mile) voyage from Incheon to […]





