Hyundai Chairman Questioned About Alleged Slush Fund - WSFA.com Montgomery Alabama news.

Hyundai Chairman Questioned About Alleged Slush Fund

New information on the investigation into Hyundai and an alleged slush fund. A Korean newspaper reports prosecutors plan to scale back legal action against Hyundai executives until after the May 31st elections. They hope that will stop any serious damage to Korea's economy.

On Friday, Hyundai's Chairman, Chung Mong-koo, was arrested. He's accused of embezzling 106 million dollars. He allegedly used the money to create a fund to seek government favors.

Mong-koo was questioned again today.

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