The former chairman of Hanjin Shipping was indicted on Friday on charges of insider trading. Choi Eun-young stands accused of selling stocks in the troubled Korean carrier last April days ahead of the line announcing it would enter a creditor-led restructuring. She was chairman of Hanjin through to May 2015 and is thought to have been tipped off about the restructuring via senior officials at Hanjin in Seoul in March last year.
Choi’s home and office were raided last year by prosecutors in a lengthy investigation.
Hanjin filed for court receivership at the end of August becoming the largest bankruptcy in container shipping history.