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POSCO ex-head may face summons over slus...

2015-03-15 17:19:18| Steel - Topix.net

Former POSCO chairman Chung Joon-yang, who stepped down from his post in March 2014, is likely to face a summons from investigators over the group's alleged slush funds. The prosecution recently issued travel bans on some incumbent and former executives of POSCO as it widens its scope of inquiry into the allegations that the conglomerate engaged in irregularities involving embezzlement at its construction unit.

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