South Korean prosecutors are seeking a four-year jail term for Lotte Group chairman Shin Dong-bin on bribery charges as he is accused of providing Won7bn ($6.4m) to former president Park Geun-hye and her confidante in return for business favours.
Mr Shin is the second-highest profile businessman to be engulfed by the country’s massive corruption scandal that led to the impeachment of Ms Park last March. Prosecutors are also seeking a fine of Won7bn for Mr Shin as they accuse Mr Shin of his attempt to bribe Ms Park and her long-time friend Choi Soon-sil to regain Lotte’s lost duty free license.
In August, Samsung group’s de facto leader Lee Jae-yong was sentenced to five years in prison over the bribery scandal and is appealing the case in which he is accused of making donations worth nearly $40m to Ms Choi in exchange for business favours.
Mr Lee and Mr Shin have denied any wrongdoing.
Mr Shin is also standing a separate corruption trial, accused of illicit intra-group business deals and other charges. In October, prosecutors demanded a 10-year jail term for Mr Shin – a ruling on that case is expected next Friday. Lotte claims that most of the problematic deals were ordered by Mr Shin’s father and the group’s founder and Mr Shin is not responsible for them.
Meanwhile, prosecutors are demanding a 25-year jail term and a fine of Won118.5bn for Ms Choi. She was indicted in November last year on 18 charges including bribery, abuse of power and cocercion. She is accused of extorting Won77.4bn from Samsung and other major Korean conglomerates.
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