'Suspected sugar price-fixing': Former CJ O Shopping food division head and Samyang Foods CEO detained

Dismissal of arrest warrant for Samyang CEO's deputy; Prosecutors investigate sugar price manipulation by Big 3 sugar companies Prosecutors investigating allegations of sugar price collusion are said to have secured suspects, including a former food division head of CJ CheilJedang and a Samyang representative. According to the legal community on the 19th, the Seoul Central District Court issued an arrest warrant for Kim, the former food division head of CJ CheilJedang, and Lee, the Samyang representative, on charges of violating the Fair Trade Act, citing concerns of evidence destruction. However, the court dismissed the warrant for Im, the deputy CEO of Samyang, stating the need to protect his rights of defense regarding the degree of involvement and scope of responsibility. The prosecution is looking into allegations that the country's top three sugar companies, CJ CheilJedang, Samyang, and Daehan Sugar, have artificially adjusted sugar prices over several years. The scale of ...