Lawfuel.com – Reports indicate that a three year jail sentence handed …

Lawfuel.com – Reports indicate that a three year jail sentence handed down to the chairman of Hyundai Motor Corporation, will be appealed.

Prosecutors had demanded a six-year jail term for Chung Mong-koo, chairman of the world’s number six car-marker, for embezzling company funds and other charges.

The presiding judge said the lesser sentence was justified because of Chung’s “big contributions to the development of the country’s economy” and his involvement in charity.

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