October 30, 2017 / 7:38 AM / a year ago

South Korea prosecutors seek 10-year jail term for Lotte chairman

FILE PHOTO: Lotte Group chairman Shin Dong-bin speaks during a news conference in Seoul, South Korea, October 25, 2016. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) - South Korean prosecutors are seeking a 10-year jail term for Lotte Group Chairman Shin Dong-bin after bringing corruption charges against him last year, a Lotte spokeswoman said.

Shin was charged with embezzlement and breach of trust in October 2016 after a high-profile prosecution probe into South Korea’s fifth-largest conglomerate.

A prosecution spokesman declined comment.

Reporting by Joyce Lee and Haejin Choi; Editing by Edwina Gibbs

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