(EnergyAsia, May 13) — The authorities have detained Wang Young-yong, a director of Korea Railroad (Korail), on charges of forging official documents related to an oil field development project on Sakhalin Island. The Korea Times reported that the prosecution is investigating into the failed oil project, which caused the state treasury a loss of $3.1…
KOREA: Korea Railroad official detained over failed oil project on Sakhalin Island
Posted on May 13, 2005 by EnergyAsia