Prosecutors in Seoul just issued an arrest warrant for Hyundai Motor Company Chairman Chung Mong-koo over the bribery and slush fund scandals we reported on earlier this month. The warrants were issued after Chairman Chung spent 15 hours, and his son spent 18 hours, in questioning over the alleged scandal. The best comment though comes to us from Hyundai spokesman Jake Jang:
"It is very shocking...Hyundai executives are all in a panic. The absence of Chairman Chung is enormous and its ramifications are beyond description."
Uh...yeah — and their spokesperson kinda sucks too.
Prosecutors seek arrest of Hyundai Motor chairman [Detroit News]
The Smartest Guy-sans In The Room II: Winning With Won [internal]