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Diplomat faces dismissal over diamond scandal

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Prosecution widens probe into illegal trade

By Park Si-soo

The state auditor demanded the Ministry of Foreign Affairs and Trade (MOFAT) dismiss a ranking diplomat Thursday for pocketing illegal profits by helping manipulate the stock price of a Korean company developing a diamond mine in Cameroon.

The Board of Audit and Inspection (BAI) also asked MOFAT to discipline two other officials for benefitting from insider trading.

It added the prosecution will be given detailed investigation results regarding a number of top-ranking civil servants.

MOFAT said it will accept the agency’s calls and punish those responsible under the principle of “zero-tolerance.”

The announcement by the BAI came on the same day that prosecution raided eight locations to secure hard evidence in a widening probe into a stock price rigging scandal centered on Ambassador Kim Eun-seok and mineral developer CNK International.

Wrapping up a months-long inspection, the