Jail term sought for Hyundai chief
Ap, Seoul
Prosecutors demanded a six-year prison term against Hyundai Motor Co. Chairman Chung Mong-koo for embezzlement and other charges Tuesday, adding to the woes of the largest South Korean automaker.Chung, 68, has been on trial since June on charges of illegally raising a slush fund from affiliates from which authorities say he spent 69.3 billion won (US$74 million, euro57 million) for private and other purposes, including payments to lobbyists for government favours.
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