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South Korea: Prosecutors seek warrants for six construction execs

By  |  September 4, 2013

Prosecutors are pursuing warrants for six executives of construction firms for suspicion of colluding to rig bids for a controversial project to refurbish South Korea’s four main rivers.

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    The prosecutors from the Seoul Central District Prosecutors’ Office announced Wednesday the individuals are being sought in the case from four companies: Hyundai Construction & Engineering, GS Engineering & Construction, SK Engineering & Construction and Samsung C&T. The companies are accused of conspiring to rig bids for the first phase of the project, worth nearly $20 billion, that would construct dams along the rivers.

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    The project was highly controversial at the time of its launch, promoted by the former Lee government, for its effect on the environment and economic viability, say reports.

    Full Content: Yonhap News

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