Contrary to earlier testimony, Hyundai Motor Group Chairman Chung Mong-koo now says he takes full responsibility for raising an illegal slush fund in a new bail petition submitted by his lawyers to the Seoul central district court. The short petition, reportedly leaked to the press by a Hyundai insider, substantially removes some of the basis by which the court has refused to grant Chung’s bail, observers familiar with Korean law say. Observers also say the petition is a further maneuver ...
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