An arrest warrant for the CEO of Korean telecom giant KT Corp., Hwang Chang-gyu, was sought by police and promptly denied by prosecutors earlier today, according to an article by The Korean Herald.
Prosecutors "ordered police to look more into the case" after denying the request for a warrant, according to the Herald. Hwang is accused of creating slush funds worth 1.1 billion won, about $1 million USD, beginning from May 2014 until October 2017. He's further accused of spending 442 million won from those funds on illegal donations to 99 South Korean congressmen.
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