Social Affairs
Prosecutors raid Orion Group over alleged illicit bond deal
March 22, 2011
Prosecutors on Tuesday raided Orion Group, the nation's major confectionery company, and its affiliates over its chairman's alleged illegal bonds transaction during the process of taking over large shares of an Orion subsidiary.Tam Chul-gon, 56, is suspected of buying bonds with warrants issued by On Media, Orion's media affiliate established in 2000 to diversify its business portfolio, at below-m