Ex-CEO of Daewoo Shipbuilding indicted over accounting fraud

Prosecutors indicted a former head of Daewoo Shipbuilding & Marine Engineering Co. on Wednesday on charges of cooking the books to inflate assets by some trillion won and getting loans using faked financial statements.

JES International sues former admin officer as ex-ceo implicated in fraud

In the latest twist to woes at Chinese shipbuilder JES International the company is suing a former administrative officer Ju Li Li for allegedly “absconding” with company records relating to illegal payments to its former chairman and ceo. ...