iRegent's Mellon steers clear of Korea

Jim Mellon, head of fund management group iRegent, has resolved never to visit South Korea again, after being investigated for alleged stock manipulation by South Korean prosecutors.

&quotThe charges are utterly false,&quot says Mellon. &quotWe are close to selling our Korean businesses for a substantial profit, and I have been advised, for legal reasons, not to set foot in Korea.&quot

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