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South Korean tax officials have again raided Lone Star’s offices in Seoul, seizing documents relating to the US private equity fund’s recent asset sales worth $2.3bn.
The raid, which comes in a week when the firm said it was in talks to sell Korea Exchange Bank (KEB) to HSBC for as much as $5.5bn, will further alarm foreign investors concerned about domestic efforts to override international tax treaties.
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[...] The raid, which comes in a week when the firm said it was in talks to sell Korea Exchange Bank (KEB) to HSBC for as much as $5.5bn, will […] — This is a summary only. Visit http://www.householdwatch.com for the full article — …more [...]