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Police raid KT over T-money irregularities

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Published : 2014-03-14 20:57
Updated : 2014-03-14 20:57

The police raided head office of KT, the country’s second-largest telecom company, in Seoul on Wednesday, in a widening investigation into alleged irregularities in bidding for transit card projects in Seoul.

KT is suspected of lobbying members of a bidding committee to select contractors for the latest T-money project.

Officials said Friday that they had secured computer hard disks and documents to look for evidence of wrongdoing in the bidding process.

Days earlier, police raided Hanwha S&C, a computer software company that also participated in the bid.

The Hanwha affiliate is suspected of illegally obtaining confidential information from a Seoul city official before submitting its bid to the T-money committee.

(christory@heraldcorp.com)

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