Corruption charges against Cho Yang-ho, the chairman of South Korea’s Hanjin Group, have been put on ice.
Cho had been accused of misappropriating funds to help renovate his house in downtown Seoul four years ago. Prosecutors however have declined to grant police investigators an arrest warrant, saying they will have to substantiate evidence if any warrant is to be granted.
Hanjin Group was the parent of now defunct Hanjin Shipping, which became the largest containerline bankruptcy in history last year.
