Tuesday, February 06, 2007

Chung Mong-koo won't go to jail yet

Chung, Hyundai chief, convicted Monday for embezzling the equivalent of more than $100-million in company funds, and other charges, plans to appeal the ruling, a process expected to take from six months to two years. He will be free during that time to run Hyundai as chairman. He received a 3 year jail sentence.

Such a pity UK Labor has not succeeded in jailing quite a few top UK executives. Many of them certainly should be in jail but they will probably just move offshore if justice is sought. And poor B. Liar is more likely to go to prison instead. It really is unfair. Maybe B.Liar could do second best at least and get Tessa Jowell put in prison. After all Joe Kagan and Rudy Sternberg went to jail. The next lot could doubtless get the "PP9 treatment", one may well hope. That'll stop them offending again, or perhaps the "Harold Shipman wall hanging treatment" for delinquent directors would be cleaner.

IMO: From the latest Capita Group mail bombing, maybe the citizens are voting with their feet, or in this case with their parcels. But senior executives not jobsworth clerks are perhaps due for rough justice if the regular police enforcement officers will not do more than yap at B.Liar's heels like mangy curs. A certain Gilbert and Sullivan tune about 'gendarmes' come to mind when I think of UK cops.

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