SEOUL, November 21 (AJP) - South Korea’s National Tax Service has launched a tax probe into Deutsche Motors, the country’s official distributor of BMW vehicles.
Industry sources said tax officials recently visited the company’s Seoul headquarters to secure documents and computer records as part of the inquiry.
The investigation is being led by the Seoul Regional Tax Office and is classified as a "special" audit, according to the sources.
Deutsche Motors has faced heightened scrutiny amid a stock manipulation scandal. Former Chairman Kwon Oh-soo received a suspended prison sentence in April in connection with the case.
Separately, a special prosecutor team led by Min Joong-gi is examining whether prosecutors adequately investigated the matter after the Seoul Central District Prosecutors’ Office declined to indict in July last year then-first lady Kim Keon-hee, who is suspected of being involved in the stock rigging case.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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