December 14, 2017 / 6:25 AM / a month ago

South Korea prosecutors seek four-year jail term for Lotte group chief

SEOUL (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.

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

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 organization linked to Choi in return for government favors 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.

Reporting by Cynthia Kim and Hyunjoo Jin; Editing by Clarence Fernandez and Michael Perry

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