South Korean officials detained the chairman of Lone Star Funds, John Grayken, on Friday 11 January, as part of their investigation into an alleged stock price manipulation surrounding the firm's purchase of Korea Exchange Bank (KEB) in 2003. Local prosecutors issued a 10-day travel ban on Grayken, and questioned him after he testified in a trial pertaining to Lone Star's bid for KEB.
Korea's most wanted
January brought a new twist in South Korea's KEB saga: authorities detained Lone Star's chairman John Grayken as part of their ongoing investigation into the transaction.
