Arrest warrant sought for Tong Yang Group chief for fraud
Seoul - Yonhap
Prosecutors said Tuesday they have sought an arrest warrant for the head of embattled Tong Yang Group for fraud and malpractice in issuing and selling financial products. The 65-year-old Chairman Hyun Jae-hyun is accused of leading the issuance of fraudulent corporate bonds and commercial paper worth over 2 trillion won (US$1.86 billion) since around 2007 and deliberately filing for court receivership of its five affiliates last October, inflicting heavy losses on investors and firms.
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Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
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