Ex-head of South Korean firm grilled by prosecutors over alleged fake accounting records

The ex-chief of South Korea’s Lotte Chemical faces a legal inquiry over allegations the company forged accounting records, according to local news reports.

Ki Joon was called before the Seoul central district prosecutors’ office as part of a probe into activities at the Lotte group, South Korea’s fifth-largest conglomerate. KP Chemical, the Lotte subsidiary that later became Lotte Chemical, allegedly secured KRW27 billion (£18 million) in tax refunds after suing the South Korean government using forged accounting records in 2006, reports Yonhap, South Korea’s publically funded news agency.

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