SEOUL, South Korea AP – A former government official was arrested on bribery charges, authorities said Thursday, as prosecutors stepped up a probe into where Hyundai Motor Co. used slush funds allegedly siphoned off from affiliates.
Byeon Yang-ho, 51, former head of the Finance and Economy Ministry’s Financial Policy Bureau, is accused of accepting 200 million won, or $208,000, in bribes from a lobbyist for South Korea’s largest automaker, said Lee Jong-seok, a judge at the Seoul Central District Court.
