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South Korean prosecutors raid offices of Daewoo Shipbuilding and Marine Engineering

  • As a part of a probe into alleged accounting irregularities, South Korean prosecutors raided the offices of Daewoo Shipbuilding and Marine Engineering. As per media reports the raid comes after an investigation was requested by an audit committee into two of the company’s former chief executive officers over possible mismanagement. In an effort to reduce its debts, the shipbuilder has been trying to raise money.