The prosecution grilled former chief of Korea Development Bank(KDB) Kang Man-soo for 17 hours over corruption allegations surrounding Daewoo Shipbuilding and Marine Engineering(DSME).

[Sound bite: Former chairman of Korea Development Bank Kang Man-soo (Korean)]
[“You released a press statement earlier that you deny all the charges. Do you maintain the stance?”]
“Yes, my stance on the matter is basically the same.”

He walked out of the Seoul High Prosecutors' Office early morning Tuesday. Asked if the suspicions are cleared, 71-year-old Kang told reporters that some were not. 

The prosecution plans to seek an arrest warrant for Kang soon on charges of bribery. 

He is alleged to have wielded undue influence over Daewoo Shipbuilding and Marine Engineering(DSME) while sitting as the head of the KDB, a main shareholder and creditor to the ailing shipbuilder. 

Kang is suspected of pressuring the shipbuilder into investing in a biotech firm owned by an acquaintance. Daewoo invested four-point-four billion won in the company over two years in 2012 and 2013, but suspended the investment after Kang's retirement.

Kang is also suspected of helping Hansung Enterprise receive a large sum of loans from KDB. The head of Hansung is Kang's high school classmate Lim Woo-kun.