( December 1, 2015, 04:22 GMT | Insight) -- Seoul's Central District Court has jailed three former POSCO E&C executives for two years each for receiving bribes from subcontractors for contract signings, Newsis reports. One was also fined 1.1 billion won ($950,215) and another 1.8 billio...Seoul's Central District Court has jailed three former POSCO E&C executives for two years each for receiving bribes from subcontractors for contract signings, Newsis reports. One was also fined 1.1 billion won ($950,215) and another 1.8 billion won. The Seoul Central District Prosecutors' Office is probing a tax official suspected of passing investigation information to Dongyang Construction, which is also involved in a POSCO corruption case involving slush funds, Money Today reports. Dongyang is under investigation for suspected accounting fraud worth 90 billion won. The tax official resigned from their position on Nov. 8. ...
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