Medical and Hospital News  
SPACEMART
Korean Aerospace offices raided in anti-corruption probe
by Richard Tomkins
Washington (UPI) Jul 17, 2017


Computer hard drives, documents and other materials of Korea Aerospace Industries have been seized by state prosecutors in a corruption probe, officials announced last weekend.

The materials were taken Friday from company offices in Seoul, South Korea, and in Sacheon by investigators from the Seoul Central District Prosecutors' Office.

The investigation of the manufacturing firm centers on allegations Korea Aerospace inflated expenses while developing military aircraft, and pocketed illicit profits as a result.

"A source in the prosecution said that it has barred several top KAI officials, including Chief Executive Officer Ha Sung-yong, from leaving the country pending the investigation," investigators told Yonhap on Friday. "They are expected to face questioning after the prosecution finishes analyzing the seized materials."

KAI has been involved in the development of the Surion utility helicopter, T-50 trainer jets and FA-50 light attack fighter.

State auditors in 2015 found KAI gained illicit profits worth $21 million by manipulating development costs for the Surion helicopter project.

"It is not that we are looking only at specific products regarding the allegations that KAI inflated the development costs," a prosecution official told Yonhap on condition of anonymity. "What matters is that the issue is linked to how taxpayers' money has been spent."

New South Korean President Moon Jae-in has promised to eradicate corruption in the weapons acquisition sector.

SPACEMART
100M Pound boost for UK space sector
Swindon, UK (SPX) Jul 12, 2017
Universities and Science Minister Jo Johnson underlined the government's commitment to the UK space sector as he visited the future site of a new 100m pounds state-of-the-art government-funded satellite facility. The 100m pound package includes 99m pounds of Industrial Strategy Challenge Fund investment to create a National Satellite Testing Facility (NSTF) on the Harwell Campus in Oxfords ... read more

Related Links
The latest information about the Commercial Satellite Industry


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

SPACEMART
Separated by war, Iraqi children wait for parents

Haiti's army reborn 20 years after it was demobilized

The last survivors on Earth

Civilian deaths soar in Iraq, Syria: monitoring group

SPACEMART
IAI, Honeywell Aerospace team for GPS anti-jam system

India Plans to Roll Out National GPS Next Year

Orbital Alliance Techsystems receives contract for GPS artillery

Europe's Galileo satnav identifies problems behind failing clocks

SPACEMART
Artifacts suggest humans arrived in Australia earlier than thought

Father's presence encourages sibling bonding among baboons

Startup touts neuro-stimulation as 'medicine for the brain'

Towards a High-Resolution, Implantable Neural Interface

SPACEMART
Star chefs in Mexico to defend biodiversity

Villagers in Niger 'massacre' 27 hippos

Bacteria passed from mom to offspring is most beneficial, study shows

To avoid getting eaten, spiders walk like ants

SPACEMART
Paris spotlight on latest in AIDS science

As tide turns, AIDS claimed 1 million lives in 2016: UN

Purdue researcher: We shouldn't eliminate mosquitoes

Scientists piece together extinct horsepox virus, raising biosecurity concerns

SPACEMART
Chinese dissident Liu Xiaobo's ashes buried at sea

Anti-Beijing Hong Kong lawmakers disqualified from parliament

China hits back at criticism over Nobel laureate's death

China under pressure to free dissident's widow

SPACEMART
US lists China among worst human trafficking offenders

Golden Triangle narco-gangs churning out new highs, UN warns

UN counter-drug official kidnapped in Colombia: officials

SPACEMART








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.