Hanjin Heavy Industries alleges extortion in Philippine shipyard project
South Korean giant Hanjin Heavy Industries alleged late last week that it was being extorted over the construction of a shipyard in the Philippine island of Mindanao.
Hanjin alleged that port officials sought nearly $10 million in money to ensure smooth passage of permits required to build the shipyard.
Philippine press outlets broke the story last week, and Lloyd’s List reported Monday that port officials countered that Hanjin employees had offered them bribes.
The Philippine government has ordered a probe of the affair after Hanjin officials made the allegations.
Hanjin Heavy Industries alleges extortion in Philippine shipyard project
