이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Seoul court denies pretrial arrest motion for Lotte chair Shin Dong-bin
- Collected
- 2016.09.30
- Distributed
- 2016.10.04
- Source
- Go Direct
Cho Eui-yeon, a judge at the Seoul Central District Court said Thursday that there wasn’t sufficient reason to detain 61-year-old chief executive. Shin became the highest executive to be investigated by the prosecution that has been probing the retail conglomerate and its family members on a number of suspected illegalities.
Prosecutors found some of Shin’s financial transactions dubious especially unreported payment of 50.8 billion ($46.2 million) to Seo Mi-kyung, the third wife of Lotte Group founder Shin Kyuk-ho, their daughter, and his older brother Dong-joo with whom he waged public battle to succeed power from their father.
Shin is also accused of illicitly giving work to the companies run by his sister Shin Young-ja, head of Lotte Foundation, as well as his father’s common-law wife Seo and causing damages to other companies by forcing Lotte units to buy shares in automated teller machine (ATM) maker Lotte PS Net Inc.
Shin’s lawyers claim the younger Shin should not be responsible for the management decisions made under his father.
Shin would be free to run the conglomerate and prepare for his trial.
By Lee Hyun-jung
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