Korean Scientist Found Guilty Of Laundering Bribes In US

Law360, New York (July 18, 2017, 8:29 PM EDT) -- The head of South Korea's government-funded earthquake research program was found guilty of laundering bribery proceeds in the U.S. on Monday — the second such verdict against a foreign official this year.

Heon-Cheol Chi, 59, worked at the Korea Institute of Geoscience and Mineral Resources, the country's geological research organization. He was charged last year with laundering bribes from two companies that produced seismic equipment. In exchange, Chi gave them inside information on open contracts and advocated for KIGAM and others to buy their equipment, prosecutors said.

The companies were Guralp Systems Ltd. based in Reading, England, and Kinemetrics in California,...

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