S.Korea prosecutors seek four-year jail term for Lotte group chief (updated)

Lotte

14/12/2017 06:54

(Adds details) 
    SEOUL, Dec 14 (Reuters) - South Korea's prosecutors are 
seeking a four-year jail term and a fine of 7 billion won ($6.44 
million) for Lotte Group chief Shin Dong-bin over a bribery 
scandal involving former President Park Geun-hye and her close 
friend Choi Soon-shil, a Lotte spokesman said on Thursday.  
    Prosecutors have asked for a 25 year jail sentence and a 
fine of 126.3 billion won for Choi, who was indicted last year 
on charges of forcing conglomerates such as Samsung Group and 
Lotte Corp  004990.KS  to donate millions to foundations, Yonhap 
news said.  
    Prosecutors accused Shin of paying bribes totaling 7 billion 
won to an organisation linked to Choi in return for government 
favours in offering a duty free license, the spokesman said. 
Shin denied charges during trials. 
    In August, Jay Y. Lee, the head of South Korea's top 
conglomerate Samsung Group, was sentenced to five years in jail 
over the bribery scandal.  
    In a separate corruption probe, South Korean prosecutors in 
October demanded a 10-year jail term for Shin. He faces a ruling 
on the corruption charges later this month. 
($1 = 1,087.8000 won) 
 
 (Reporting by Cynthia Kim and Hyunjoo Jin; Editing by Clarence 
Fernandez and Michael Perry) 
 ((Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters 
Messaging: cynthia.kim.thomsonreuters.com@reuters.net)) 
 
Keywords: LOTTECORP CHIEF/PROSECUTION