Korean Air Chief Indicted for Embezzlement

By Anna Breuer on 16 October 2018
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DSC_1536Korean Air’s CEO was indicted on Monday for embezzlement and violations of international tax law.

Prosecutors charged Cho Yang-ho with embezzling 19.6 billion won ($17.4 million) and unfairly awarding contracts to companies controlled by members of his family.

Cho’s daughter Heather Cho was embroiled in a memorable incident in 2014 when she was a vice president of the airline and demanded that an aircraft she was on return to the gate at New York’s John F. Kennedy International Airport because she was dissatisfied with the way her nuts were served to her prior to departure. She later served a short prison sentence for this offence.

The 69-year-old CEO is accused of stealing 152 billion won in medical insurance benefits by running a pharmacy without the appropriate license.

Earlier this year, Cho’s other daughter, Cho Hyun-min, was accused of throwing a drink at the manager of the airline’s advertising agency in a fit of rage. No charges were preferred.

(Photo: Accura Media Group)

Accura News

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