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Ousted S.Korean President indicted for corruption

IANS  |  Seoul 

South Korea's former President Park Geun-hye was indicted Monday on multiple charges, including bribery, as prosecutors wrapped up their probe into the influence-peddling scandal that ousted her last month.

Park is accused of abuse of power, coercion, bribery and leaking government secrets, prosecutors said. She was taken into custody on March 31, Yonhap News Agency reported.

In addition to allegations that Park colluded with her friend Choi Soon-sil in coercing conglomerates to donate 77.4 billion won ($68 million) to two non-profit foundations -- Mir and K-Sports, the former leader is also accused of soliciting bribes from Lotte and SK groups.

Lotte Group Chairman Shin Dong-bin was put on trial on charges of giving 7 billion won to the K-Sports Foundation, allegedly controlled by Choi.

SK Group avoided prosecution as it did not give 8.9 billion won in donations sought by the former President.

Prosecutors suspect that Park promised favours in relation to the conglomerates' bids for duty-free shops and other business projects.

The retail giant Lotte was selected by the Korea Customs Service (KCS) to operate the lucrative shop in Seoul, together with Hyundai and Shinsegae, in December.

Park reportedly denied all the charges during her five rounds of questioning in jail.

Woo Byung-woo, senior presidential secretary for civil affairs from 2015 to 2016, was also indicted for allegedly neglecting his duty in preventing Choi from meddling in state affairs and abusing his authority.

Prosecutors have been accelerating the investigation to conclude it before Monday's launch of the official campaign for the May 9 presidential election.

--IANS

ksk/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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