Law enforcement agencies in Los Angeles arrested a former manager of General Motors, known as the largest automobile corporation in the United States. He is accused of accepting more than $3 million in bribes from a South Korean parts supplier in return for a major contract.
According to the Los Angeles Times, citing the indictment, 46-year-old Hyoung Nam So received $3.45 million in cash from a South Korean parts supplier in October 2015. In exchange, Mr. So helped win a contract with General Motors for the supply of automotive paint, window film and moldings worth $35 million.
The money was transferred through intermediaries.
At that time, Mr. So was a manager in GM’s Global Purchasing and Supply Chain organization in Michigan, where he oversaw the supply of parts.
The supplier was also reportedly prosecuted in South Korea for paying bribes.
A GM spokesperson said the company does not tolerate or condone corruption or bribery of any kind and will cooperate with the authorities.