Hyosung Group Chairman Cho Hyun-joon appeared at prosecutors' office for questioning Wednesday about suspicions that he siphoned off company money to create a slush fund and engaged in other irregularities.
"I am sorry for causing trouble with a family problem. I will be sincere during the questioning," Cho told reporters after arriving at the Seoul Central District Prosecutors' Office, referring to the fact that the allegations against him grew out of a feud with his brothers over control of Korea's 25th largest conglomerate.
Cho is accused of creating a slush fund worth about 10 billion won ($9.42 million) from 2010-2015 by having Hyosung purchase construction materials through a paper company established by one of his close aides.
Hyosung Group Chairman Cho Hyun-joon speaks to reporters after arriving at the Seoul Central District Prosecutors` Office for questioning on Jan. 17, 2018. (Yonhap)
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