Local media reported prosecutors had charged the former executive, who was only named by his surname Kim, for rigging the company’s books between 2013 and 2014.
Kim was allegedly involved in reducing costs of offshore projects that were under construction to inflate net income by a combined 2.76 trillion won ($2.4 billion).
Daewoo’s offices in Seoul and its facility in Geoje were raided last month after the company itself requested a probe into the activities of two previous chief executives over alleged mismanagement.
Former
