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Friday November 3, 7:19 AM

S.Korea court rejects Lone Star execs' detention-YTN

SEOUL, Nov 3 (Reuters) - A South Korean district court turned down prosecutors' request to detain Ellis Short, vice chairman of U.S. buyout fund Lone Star [LS.UL], for questioning over alleged stock trading violations, local YTN TV said on Friday.

The court also rejected a warrant request to arrest the head of Lone Star's local unit, Paul Yoo, on similar charges, the television network said, citing a judge who examined the requests.

The judge and other court officials could not immediately be reached for comment.

Prosecutors have been looking into whether there were irregularities in the way Lone Star acquired Korea Exchange Bank (KEB) in 2003.

 


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