Categories: NewsNuclear

KEPCO Senior Executive Arrested in Snowballing Nuclear Corruption Scandal

A court in Busan on Thursday issued an arrest warrant against Lee Jong-chan, the senior executive vice president of the state-run Korea Electric Power Corp. implicated in a snowballing corruption scandal. The court issued the warrant out of concerns that the suspect could destroy evidence or flee, officials said. The prosecution on Tuesday detained the 53-year-old executive and requested a warrant against him.

Lee, who heads KEPCO’s overseas business division, allegedly conspired with parts suppliers and certifiers to falsify test certificates of parts for atomic reactors five years ago.

Lee is suspected of approving subpar signal cables in 2008 when he was a deputy director at Shin-Kori Nuclear Power Plant, despite knowing the certificates for the parts were problematic. Sources say that the prosecution detained Lee after his subordinate surnamed Song revealed Lee’s involvement in the scandal.

The prosecution has been widening its investigation to upper-level officials believing the mid-level official was not in a position to make such decisions.

Pimagazine Asia Admin

Recent Posts

Insuring Wind Turbines, What is the Risk?

Gallagher Re has shed light on the significant challenges insurers face when providing coverage for…

2 months ago

ARENA Start Feasibility Study in Western Australia

The Australian government will disburse AUD 1.7 million (USD 1.1m/EUR 1m) in grant funding to…

2 months ago

Asia moving away from Solar?

GlobalData’s latest report, ‘Asia Pacific Renewable Energy Policy Handbook 2024’ is among the latest region-specific…

2 months ago

Asia’s Energy Challenge 2024

The electrical generation market is facing a number of challenges, including the need to increase…

2 months ago

Powering Progress: Nuclear Energy’s Role in Asia’s Energy Landscape

Nuclear energy has emerged as a prominent player in Asia's energy landscape, offering a reliable…

7 months ago

Charting a Cleaner Path: Carbon Capture and Storage in Asia

The pursuit of a low-carbon future has gained significant momentum globally, and Asia stands tall…

8 months ago